Binance Coin / TetherUSที่อัปเดต: BNBUSDT is testing the key level
BNBUSDT had a false breakout from the weekly resistance level, the market has lost its previously established dynamic support. Currently, the price is undergoing a crucial test at the key level of 316.
If the price fails to maintain support at 316 and subsequently retests it as a new resistance level, traders following Plancton's rules would consider initiating new short positions. This approach is based on Plancton's methodology, which suggests that a failed breakout and subsequent retest of a key level as resistance often signals a reversal of the previous bullish trend.
Therefore, traders monitoring BNBUSDT would be watchful for signs of the price losing support at 316 and subsequently retesting it as a new resistance level. Should this scenario unfold, it may present an opportunity for traders to enter short positions in anticipation of a potential downward movement in the market
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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 🦐
If the price fails to maintain support at 316 and subsequently retests it as a new resistance level, traders following Plancton's rules would consider initiating new short positions. This approach is based on Plancton's methodology, which suggests that a failed breakout and subsequent retest of a key level as resistance often signals a reversal of the previous bullish trend.
Therefore, traders monitoring BNBUSDT would be watchful for signs of the price losing support at 316 and subsequently retesting it as a new resistance level. Should this scenario unfold, it may present an opportunity for traders to enter short positions in anticipation of a potential downward movement in the market
–––––
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 🦐
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