Updated
XMRUSDT is testing the weekly support
XMRUSDT (XMR is, a privacy-focused digital currency
The price of XMRUSDT is currently testing the weekly support level, meaning that it is approaching a key level at which buyers may step in and prevent the price from declining further. This support level acts as a barrier that the price may struggle to penetrate and could be seen as a signal for potential buying opportunities.
However, the market currently requires a higher volume of trading activity in order to confirm a clear direction for the price. A breakout from the current descending channel, or a sustained move above the current resistance level, could signal a change in market sentiment and an opportunity for traders to enter long positions.
According to Plancton's strategies, a successful breakout and retest of the resistance level could provide a suitable entry point for opening a new long position in the XMRUSDT market. As with all trading decisions, it is important to carefully consider all relevant factors and have a clear understanding of the risks involved before entering a trade.
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Follow the Shrimp 🦐
Keep in mind.
The price of XMRUSDT is currently testing the weekly support level, meaning that it is approaching a key level at which buyers may step in and prevent the price from declining further. This support level acts as a barrier that the price may struggle to penetrate and could be seen as a signal for potential buying opportunities.
However, the market currently requires a higher volume of trading activity in order to confirm a clear direction for the price. A breakout from the current descending channel, or a sustained move above the current resistance level, could signal a change in market sentiment and an opportunity for traders to enter long positions.
According to Plancton's strategies, a successful breakout and retest of the resistance level could provide a suitable entry point for opening a new long position in the XMRUSDT market. As with all trading decisions, it is important to carefully consider all relevant factors and have a clear understanding of the risks involved before entering a trade.
–––––
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 the breakout for a new bullish impulseNote
Breakout not confirmed, We are waiting Plancton's rules for new Long PositionNote
The price is testing the resistance right nowNote
3%
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