Ankr / TetherUSتم تحديثه ANKRUSDT is testing the key level
STORJUSDT.The market for STORJUSDT is undergoing a crucial phase, with the price testing the dynamic support level around the 0.02300 area.
The dynamic support at 0.02300 signifies a significant price level where buyers have historically stepped in to prevent further declines. This level is being closely observed by market participants as it has the potential to influence the future price action of STORJUSDT.
In this scenario, there is a possibility that a pullback could occur around the 0.02600 level. A pullback refers to a temporary price reversal against the prevailing trend. If the market pulls back to 0.02600, it could attract selling pressure, resulting in a potential decrease in the price.
However, according to Plancton's rules, if the price of STORJUSDT fails to maintain the support at 0.02300, it could indicate a bearish signal. This breach of support would imply a shift in market sentiment and might trigger a new short position, indicating an expectation of further downward movement in the price.
In terms of price targets, if the support at 0.02300 is lost, the next possible target according to Plancton's rules could be around 0.02000. This level represents a projected point where sellers might aim to push the price further down.
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Follow the Shrimp 🦐
Keep in mind.
The dynamic support at 0.02300 signifies a significant price level where buyers have historically stepped in to prevent further declines. This level is being closely observed by market participants as it has the potential to influence the future price action of STORJUSDT.
In this scenario, there is a possibility that a pullback could occur around the 0.02600 level. A pullback refers to a temporary price reversal against the prevailing trend. If the market pulls back to 0.02600, it could attract selling pressure, resulting in a potential decrease in the price.
However, according to Plancton's rules, if the price of STORJUSDT fails to maintain the support at 0.02300, it could indicate a bearish signal. This breach of support would imply a shift in market sentiment and might trigger a new short position, indicating an expectation of further downward movement in the price.
In terms of price targets, if the support at 0.02300 is lost, the next possible target according to Plancton's rules could be around 0.02000. This level represents a projected point where sellers might aim to push the price further down.
–––––
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.
ملاحظة
25%
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