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ANTUSDT wants the breakout?
ANTUSDT is a cryptocurrency pair that has recently experienced an exciting development in its price action. After a period of consolidation and declining prices, the market witnessed a breakout from a falling wedge pattern. This breakout occurred when the price surpassed the upper boundary of the wedge, indicating a potential reversal in the downward trend.
One notable aspect of this breakout is that the price exhibited a significant bounce precisely at the 0.618 Fibonacci level, which coincided with the $3 area. Fibonacci levels are often considered important support and resistance levels in financial markets, and this particular level held as support in the case of ANTUSDT. This reinforces the significance of the breakout and suggests a strong buying interest at that price level.
Currently, the market is in a testing phase, as traders and investors evaluate the strength of the breakout. The key level to watch is being tested on the 4-hour timeframe, as it serves as a crucial resistance level that needs to be surpassed for further confirmation of a bullish trend.
According to Plancton's rules, a respected trading strategy, this breakout and subsequent retest of the key level presents a potential opportunity for a long position. If the price successfully breaks out above this resistance level, it would provide a signal for traders to enter a long position, anticipating further upward movement in the price of ANTUSDT.
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Follow the Shrimp 🦐
Keep in mind.
One notable aspect of this breakout is that the price exhibited a significant bounce precisely at the 0.618 Fibonacci level, which coincided with the $3 area. Fibonacci levels are often considered important support and resistance levels in financial markets, and this particular level held as support in the case of ANTUSDT. This reinforces the significance of the breakout and suggests a strong buying interest at that price level.
Currently, the market is in a testing phase, as traders and investors evaluate the strength of the breakout. The key level to watch is being tested on the 4-hour timeframe, as it serves as a crucial resistance level that needs to be surpassed for further confirmation of a bullish trend.
According to Plancton's rules, a respected trading strategy, this breakout and subsequent retest of the key level presents a potential opportunity for a long position. If the price successfully breaks out above this resistance level, it would provide a signal for traders to enter a long position, anticipating further upward movement in the price of ANTUSDT.
–––––
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
still pushing註釋
More if the price is going to have a breakout!
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