EOS / TetherUSUpdated EOSUSDT is testing the support
EOSUSDT had a false breakout from the daily resistance level at the 1.227 area. This breakout was not sustained, and the price is now testing the dynamic support level as new resistance.
If the price of EOSUSDT breaks below the static support level at 1.160 and retests it as new resistance, applying Plancton's Rules for a new short position may be appropriate. These rules include considering the market context, confirming the trend change, and managing risk through the use of stop loss orders.
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Follow the Shrimp 🦐
Keep in mind.
If the price of EOSUSDT breaks below the static support level at 1.160 and retests it as new resistance, applying Plancton's Rules for a new short position may be appropriate. These rules include considering the market context, confirming the trend change, and managing risk through the use of stop loss orders.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
Waiting the last target 
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