LINA / TetherUSUpdated LINAUSDT wants the supply zone?
LINAUSDT has formed a double bottom close to the daily support level at the 0.01$ area. This is a bullish technical pattern that suggests that the market is experiencing a period of consolidation, and buyers are stepping in to support the price at key levels.
Currently, the market is attempting to create a new impulse to retest the supply zone at the 0.015$ area. According to Plancton's Rules, if the price of LINAUSDT manages to break through this supply zone, there is a possibility that the market could continue to trend upwards. This could present an opportunity for new long positions.
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Follow the Shrimp 🦐
Keep in mind.
Currently, the market is attempting to create a new impulse to retest the supply zone at the 0.015$ area. According to Plancton's Rules, if the price of LINAUSDT manages to break through this supply zone, there is a possibility that the market could continue to trend upwards. This could present an opportunity for new long positions.
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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
everything as expected
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