MASKUSDT is testing the key level
MASKUSDT is exhibiting a pennant formation, which is a common chart pattern characterized by a triangular shape formed by converging trend lines. This pattern typically represents a temporary pause in the price movement before a continuation of the previous trend.
In the case of MASKUSDT, the pennant formation suggests that after a significant price increase or decrease, the market is experiencing a period of consolidation, with decreasing volatility and narrowing price ranges. Traders often interpret this pattern as a sign of impending volatility, where a breakout is expected to occur in the direction of the previous trend.
However, there is a possibility that the price of MASKUSDT could break below its daily support level. If this support is breached, it could indicate a bearish sentiment and lead to a retest of the $3 area. This would align with Plancton's rules, which could signal an opportunity for traders to initiate short positions.
–––––
Follow the Shrimp 🦐
Keep in mind.
In the case of MASKUSDT, the pennant formation suggests that after a significant price increase or decrease, the market is experiencing a period of consolidation, with decreasing volatility and narrowing price ranges. Traders often interpret this pattern as a sign of impending volatility, where a breakout is expected to occur in the direction of the previous trend.
However, there is a possibility that the price of MASKUSDT could break below its daily support level. If this support is breached, it could indicate a bearish sentiment and lead to a retest of the $3 area. This would align with Plancton's rules, which could signal an opportunity for traders to initiate short positions.
–––––
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
23%
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。