Horizen / TetherUSUpdated ZENUSDT is testing the resistance!
Resistance refers to a price level at which selling pressure is strong enough to prevent the price from rising further. The resistance levels can be dynamic, meaning they change over time, or static, meaning they remain at a certain price level.
In the case of ZENUSDT, the market is currently testing the dynamic resistance inside an accumulation phase. The recent rejection from the daily resistance level suggests that the market may not yet be ready for a significant price increase. We are waiting for a potential breakout from the dynamic resistance, at which point they can apply Plancton's Rules to make informed trading decisions, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
In the case of ZENUSDT, the market is currently testing the dynamic resistance inside an accumulation phase. The recent rejection from the daily resistance level suggests that the market may not yet be ready for a significant price increase. We are waiting for a potential breakout from the dynamic resistance, at which point they can apply Plancton's Rules to make informed trading decisions, so According to Plancton's strategy, we can set a nice order
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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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Follow the Shrimp 🦐
Note
35%
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