SFPUSDT wants the breakout?

SFPUSDT is testing the dynamic daily resistance level below the $0.52 mark. This suggests that there is significant selling pressure at this level, and traders are closely watching to see if the price will break out above it.

According to Plancton's Rules of Trading, a breakout occurs when the price moves above a significant resistance level, indicating a shift in market sentiment and potential for a new uptrend. If the price of SFPUSDT manages to break out above the dynamic daily resistance level, it may be a signal for new long positions to be established.

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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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