UNFIUSDT is testing the dynamic support
UNFIUSDT is currently testing a dynamic support level at the 4-hour chart after a rebound from the daily demand zone at $4. This indicates that there is buying interest at this level, and if the price manages to hold above the support level, it may continue to rise.
However, there is also a possibility that the price may break below the support level, which could signal a bearish trend. According to Plancton's rules, if the price breaks below the support level, it could create a clear breakout, leading to new short positions until the $4.3 area.
–––––
Follow the Shrimp 🦐
Keep in mind.
However, there is also a possibility that the price may break below the support level, which could signal a bearish trend. According to Plancton's rules, if the price breaks below the support level, it could create a clear breakout, leading to new short positions until the $4.3 area.
–––––
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.
Disclaimer
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.