OGNUSDT wants the breakout?The price of OGNUSDT is currently attempting to create a breakout from a supply area, which is a price range where sellers are more likely to enter the market and sell their assets, causing downward pressure on the price.
During its attempts to break out, the price of OGNUSDT has bounced several times on a dynamic support level, which is a price level that moves with the price action over time. This support level has provided a base for the price to rebound and gain new liquidity from a demand zone, which is a price range where buyers are more likely to enter the market and purchase assets, causing upward pressure on the price.
As traders, we are now waiting for the price to successfully break out from the supply area and apply Plancton’s rules for a long position, which may include buying OGNUSDT at a predetermined entry price, setting stop loss and take profit levels to manage risk and maximize profits, and monitoring the price action for any signs of a trend reversal or invalidation of our initial analysis. By following these rules, we aim to increase our chances of profiting from the potential uptrend in the price of OGNUSDT.
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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.
Follow the Shrimp 🦐
