Ethereum / TetherUSتم تحديثه ETHUSDT wants the next demand zone?
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.
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Follow the Shrimp 🦐
Keep in mind.
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.
–––––
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 ascending channelملاحظة
The price is testing the key level as I told youملاحظة
Waiting for the next bearish impulse
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