RNDRUSDT testing the dynamic resistance
RNDRUSDT is currently at an interesting juncture as it tests dynamic resistance. The dynamic resistance you mentioned is a moving resistance level that adapts to market conditions over time.
According to Plancton's trading rules, a potential long trade could be considered if the following conditions are met:
Breakout from Dynamic Resistance: The first condition involves a clear and convincing breakout above the dynamic resistance level. Such a breakout signifies that the market sentiment may have shifted in favor of the bulls.
Price Target: In this case, you've mentioned a price target of $1.5. This target could be based on various factors, including technical analysis, Fibonacci retracement levels, or previous price history. Plancton's rules would suggest holding the long position until this target is reached.
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Follow the Shrimp 🦐
Keep in mind.
According to Plancton's trading rules, a potential long trade could be considered if the following conditions are met:
Breakout from Dynamic Resistance: The first condition involves a clear and convincing breakout above the dynamic resistance level. Such a breakout signifies that the market sentiment may have shifted in favor of the bulls.
Price Target: In this case, you've mentioned a price target of $1.5. This target could be based on various factors, including technical analysis, Fibonacci retracement levels, or previous price history. Plancton's rules would suggest holding the long position until this target is reached.
–––––
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.
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