DYDX / TetherUSتم تحديثه DYDXUSDT wants the 0.382 Fibonacci level?
DYDXUSDT is testing the previous accumulation phase after a false breakout from the 3.3$ area where the price has daily resistance. This false breakout indicates that there was not enough buying pressure to sustain the price above the 3.3$ level, leading to a potential price reversal.
As per technical analysis, we could see a pullback around the 0.382 Fibonacci level before a potential new short position. This pullback may occur as sellers take profits, leading to a decrease in selling pressure and a potential price increase. However, once the pullback is completed, new short positions may be considered until the 1.9$ area where the price has the demand zone.
The demand zone at the 1.9$ area is characterized by a large number of buyers who are willing to purchase DYDX tokens at this price level. This demand zone is likely to have formed due to a previous period of accumulation where buyers were actively accumulating DYDX tokens, leading to a price increase.
According to Plancton's rules, new short positions may be considered once the price breaks below the 2.9$ support level, indicating a potential trend reversal.
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Follow the Shrimp 🦐
Keep in mind.
As per technical analysis, we could see a pullback around the 0.382 Fibonacci level before a potential new short position. This pullback may occur as sellers take profits, leading to a decrease in selling pressure and a potential price increase. However, once the pullback is completed, new short positions may be considered until the 1.9$ area where the price has the demand zone.
The demand zone at the 1.9$ area is characterized by a large number of buyers who are willing to purchase DYDX tokens at this price level. This demand zone is likely to have formed due to a previous period of accumulation where buyers were actively accumulating DYDX tokens, leading to a price increase.
According to Plancton's rules, new short positions may be considered once the price breaks below the 2.9$ support level, indicating a potential trend reversal.
–––––
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
The price is testing the 0.382 Fibonacci level ملاحظة
Smashed 23%ملاحظة
still melting27%
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