CELO / TetherUSتم تحديثه CELOUSDT is testing the support
CELOUSDT had a rejection from the 0.618 Fibonacci level on the daily timeframe, indicating a strong level of resistance.
Additionally, there was another rejection from the dynamic resistance on the 4-hour timeframe, further highlighting the potential for a bearish trend. Currently, the market is testing the key support level at the $0.58 area, which may provide a critical level for traders to monitor.
If the price fails to hold above this support level, there could be an opportunity for traders to set a short position, according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
Additionally, there was another rejection from the dynamic resistance on the 4-hour timeframe, further highlighting the potential for a bearish trend. Currently, the market is testing the key support level at the $0.58 area, which may provide a critical level for traders to monitor.
If the price fails to hold above this support level, there could be an opportunity for traders to set a short position, according to Plancton's strategy.
–––––
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
testing resistance after the breakout 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.