DOTUSDT is testing the 4-hour timeframe at the 6.5 dollar area, which is also a daily resistance level for the market.
If the price of DOTUSDT manages to break through this resistance level, it would indicate a bullish trend, according to Plancton's Rules. In such a scenario, traders and investors may consider opening new long positions in anticipation of further price appreciation.
––––– 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.
Follow the Shrimp 🦐
Note
The price needs to create a clear breakout from here
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.