ETHUSDT, On the 4-hour timeframe, the dynamic support level was breached, indicating a potential shift in market sentiment. Additionally, the market has found new liquidity below the daily support level situated at $1760.
Based on Plancton's rules, this break of the dynamic support and the subsequent grab of liquidity below the daily support level could signal a bearish trend in the market. Traders following Plancton's principles might consider opening a new short position if the market loses the support level.
In the event that the support is indeed broken, the next potential demand zone to monitor is around $1720. This level represents a zone where buying interest has previously been observed and could act as a support area once again.