RLCUSDT needs to hold the support!

RLCUSDT is testing a crucial support level after experiencing a clear rejection from the $2.3 area, which is the weekly resistance level for the market.

If the price of RLCUSDT fails to hold this support level, it may likely retest it as a new resistance level according to Plancton's Rules, which is a technical analysis approach used in trading. In such a scenario, it may be a signal for short-term traders to initiate new short positions.
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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 🦐