Cosmos / TetherUSUpdated ATOMUSDT wants new liquidity
ATOMUSDT faced rejection from the dynamic daily resistance level located around the 13$ area. This indicates that there was a significant amount of selling pressure in the market at that price level, which prevented the price from moving higher.
Currently, the market is testing the 4-hour support level located around the 11$ area. If the price of ATOMUSDT fails to hold this support level, it could potentially trigger a downtrend in the market, according to the trading rules laid out by Plancton
If the price of ATOMUSDT does break below the 11$ support level, it would likely signal a shift in market sentiment and create an opportunity for short trades. However, it's important to note that the cryptocurrency market can be highly volatile and unpredictable, so traders should always exercise caution and use risk management strategies to protect their capital.
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Follow the Shrimp 🦐
Keep in mind.
Currently, the market is testing the 4-hour support level located around the 11$ area. If the price of ATOMUSDT fails to hold this support level, it could potentially trigger a downtrend in the market, according to the trading rules laid out by Plancton
If the price of ATOMUSDT does break below the 11$ support level, it would likely signal a shift in market sentiment and create an opportunity for short trades. However, it's important to note that the cryptocurrency market can be highly volatile and unpredictable, so traders should always exercise caution and use risk management strategies to protect their capital.
–––––
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.
Note
8%Note
10% 
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