Currently, the market is experiencing an interesting phase as it tests the 4-hour demand zone. This zone comes into play after a noticeable breakout from the dynamic daily support, indicating a potentially significant shift in market sentiment.
Traders and analysts are closely monitoring SOLUSDT as it approaches a key level at the $ 19.7 area. This level holds crucial importance, as it acts as a critical support zone. It is essential for the market to maintain its position above this level in order to sustain its upward momentum.
However, in accordance with Plancton's trading rules, if the price fails to hold the support at $ 19.7, it may trigger a new short-selling opportunity. This means that if the price breaks below the support level, it could potentially open up a bearish trend in the market, prompting traders to consider short positions.
As the market continues to test the 4-hour demand zone and approaches the key support level at $19.7, traders are closely monitoring price action and volume to determine the future direction of SOLUSDT.
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Follow the Shrimp 🦐
Keep in mind.
Traders and analysts are closely monitoring SOLUSDT as it approaches a key level at the $ 19.7 area. This level holds crucial importance, as it acts as a critical support zone. It is essential for the market to maintain its position above this level in order to sustain its upward momentum.
However, in accordance with Plancton's trading rules, if the price fails to hold the support at $ 19.7, it may trigger a new short-selling opportunity. This means that if the price breaks below the support level, it could potentially open up a bearish trend in the market, prompting traders to consider short positions.
As the market continues to test the 4-hour demand zone and approaches the key support level at $19.7, traders are closely monitoring price action and volume to determine the future direction of SOLUSDT.
–––––
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 the supportملاحظة
I'm watching the levelملاحظة
Ready for the breakout?ملاحظة
waiting for the breakoutملاحظة
7% 
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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.