1INCHUSDT is testing the key level

1INCHUSDT is currently testing a support level after experiencing a false breakout around the $0.55 area. Traders should keep a close eye on the price and monitor whether it holds the support level.

If the support level fails to hold, according to Plancton's rules, traders may want to consider opening a new short position. This would allow traders to benefit from a potential drop in price if the support level breaks down.

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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 🦐