JASMYUSDT inverse head and shouldersJASMYUSDT broke through a dynamic resistance level, indicating that buyers have gained control of the market.
However, before a new bullish impulse can occur, it is likely that the price will retest a Fibonacci level, which is a technical analysis tool used to identify potential support and resistance levels based on the Fibonacci sequence. This retest would serve as a confirmation of the breakout and give traders an opportunity to enter long positions at a lower price point.
According to Plancton's rules, a well-known trading strategy, traders should consider going long on JASMYUSDT after the price successfully retests the Fibonacci level and reaches a static 4-hour resistance level.
n summary, JASMYUSDT has broken through a dynamic resistance level, and traders should be on the lookout for a potential retest of the Fibonacci level before a new bullish impulse. Following Plancton's rules, a long position may be considered once the price reaches a static 4-hour resistance level.
