Updated
FTMUSDT is testing the key level
FTMUSDT is testing the 4-hour resistance level at $0.48, indicating that buyers are currently struggling to push the price higher. However, it is important to note that there was a clear bounce on the daily demand zone, suggesting that buyers are still present and actively purchasing at lower price levels.
If the price manages to break out of the 4-hour resistance level, it may signal the start of a bullish trend. According to Plancton's Rules, a well-known trading strategy, this would be a signal for new long positions. Traders who follow Plancton's Rules would look for confirmation of the breakout, such as increased volume or a price close above the resistance level, before entering a long position.
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Follow the Shrimp 🦐
Keep in mind.
If the price manages to break out of the 4-hour resistance level, it may signal the start of a bullish trend. According to Plancton's Rules, a well-known trading strategy, this would be a signal for new long positions. Traders who follow Plancton's Rules would look for confirmation of the breakout, such as increased volume or a price close above the resistance level, before entering a long position.
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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
the price needs a clear breakout from here Note
The price is following my arrow Note
Waiting for the next
Note
we are waiting for the last targetNote
waiting for the last targetNote
Waiting for the last target
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