RDNT / TetherUSUpdated RDNTUSDT is testing the breakout
The recent price action of RDNTUSDT has shown a breakout from a falling wedge pattern, indicating a potential shift in market sentiment. The falling wedge pattern is characterized by a narrowing range between a downward-sloping resistance line and an upward-sloping support line.
After the breakout from the falling wedge pattern, RDNTUSDT is currently testing a resistance level. This level is significant as it has previously acted as a barrier to further price advancement. If RDNTUSDT manages to break out above the $0.33 area, it could present a new trading opportunity according to Plancton's rules.
As per Plancton's rules, a breakout from the $0.33 area would suggest a potential continuation of the bullish momentum. Traders following Plancton's rules might consider opening new long positions in anticipation of further price appreciation.
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Follow the Shrimp 🦐
Keep in mind.
After the breakout from the falling wedge pattern, RDNTUSDT is currently testing a resistance level. This level is significant as it has previously acted as a barrier to further price advancement. If RDNTUSDT manages to break out above the $0.33 area, it could present a new trading opportunity according to Plancton's rules.
As per Plancton's rules, a breakout from the $0.33 area would suggest a potential continuation of the bullish momentum. Traders following Plancton's rules might consider opening new long positions in anticipation of further price appreciation.
–––––
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
breakout soon?
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