TWTUSDT wants the breakout?
TWTUSDT has formed a V-shaped pattern, which is characterized by a sharp decline followed by a quick recovery. This pattern often indicates a significant shift in market sentiment from bearish to bullish.
However, it's important to note that the market requires increased volume to fully establish itself within a specific price range and create a breakout above the $1 level. Higher trading volume is often associated with increased market participation and can provide confirmation for a sustained upward movement.
According to our rules, a new long position could be considered if TWTUSDT satisfies specific criteria, such as a breakout above the $1 resistance level. This breakout would suggest a potential continuation of the bullish trend, and traders following our rules might consider opening long positions in anticipation of further price appreciation.
It's essential to wait for confirmation of the breakout, such as a strong and sustained price movement above $1, before initiating a long position. Additionally, implementing proper risk management techniques, including the use of stop-loss orders, is crucial to mitigate potential losses.
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Follow the Shrimp 🦐
Keep in mind.
However, it's important to note that the market requires increased volume to fully establish itself within a specific price range and create a breakout above the $1 level. Higher trading volume is often associated with increased market participation and can provide confirmation for a sustained upward movement.
According to our rules, a new long position could be considered if TWTUSDT satisfies specific criteria, such as a breakout above the $1 resistance level. This breakout would suggest a potential continuation of the bullish trend, and traders following our rules might consider opening long positions in anticipation of further price appreciation.
It's essential to wait for confirmation of the breakout, such as a strong and sustained price movement above $1, before initiating a long position. Additionally, implementing proper risk management techniques, including the use of stop-loss orders, is crucial to mitigate potential losses.
–––––
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.
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