BTCUSDT wants the new liquidity?

BTCUSDT is currently undergoing a critical test at the psychological level of $28,000. This level holds significant importance as it represents a key point of psychological support and resistance for traders and investors.

If the price of BTCUSDT fails to hold above the $27,200 support level, it would align with the principles outlined in Plancton's Rules. According to these rules, a breach of a significant support level often signifies a bearish signal and suggests the potential for further downward movement.

In such a scenario, traders adhering to Plancton's Rules may consider initiating new short positions on BTCUSDT. By entering a short position, they would be speculating that the price will continue to decline after breaking below the $27,200 support level, potentially providing an opportunity to profit from the downward trend.

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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 🦐

註釋

Still valid, the price is testing the key level again