ONEUSDT wants to retest the previous resistance?ONEUSDT has recently tested the 0.618 Fibonacci level after a clear breakout from the 4-hour support level. This breakout is a bullish signal, suggesting that the market sentiment has shifted to a positive outlook.
However, it's important to note that the price needs to flip this resistance level into a new support level before traders can take long positions. This means that the price needs to show some stability and support at this level before traders can consider it a viable buying opportunity.
Following Plancton's rules is also essential before taking any trading action, so According to Plancton's strategy , we can set a nice order
–––––
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 🦐