1INCHUSDT lost its dynamic support, which could be a bearish signal for traders.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of 1INCHUSDT could retest the 0.382 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.382 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.44 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
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Follow the Shrimp 🦐
Keep in mind.
The dynamic support refers to a moving average or trendline that acts as a support level for the price. When the price falls below this support level, it may indicate a shift in market sentiment, from bullish to bearish. In this case, the price of 1INCHUSDT could retest the 0.382 Fibonacci level, which is a commonly used retracement level in technical analysis.
If the price fails to hold at the 0.382 Fibonacci level, it could create a new bearish impulse, which may push the price further down towards the 0.44 $ area. According to Plancton's Rules, which is a trading strategy based on Fibonacci retracement levels, this could be a good opportunity for short selling.
–––––
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.
註釋
everything as expected10% so far
註釋
The price is following my arrow註釋
The price is following my arrow 註釋
hit the demand zone right now註釋
18% 註釋
24% 
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