TRUUSDT has recently experienced a bearish impulse, which resulted in the price testing its daily and 4-hour dynamic resistance levels. Currently, the price needs to create a breakout and retest the 0.079 level as new support to confirm a potential bullish reversal.
If the price manages to break out and retest the 0.079 level as new support, according to Plancton's rules, a new long position could be taken. However, it's crucial to monitor the volume and momentum indicators to confirm the breakout and avoid false signals.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
If the price manages to break out and retest the 0.079 level as new support, according to Plancton's rules, a new long position could be taken. However, it's crucial to monitor the volume and momentum indicators to confirm the breakout and avoid false signals.
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.
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Follow the Shrimp 🦐
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