Inside a Descending Channel: The current market situation involves ATOMUSDT being confined within a descending channel pattern. This pattern comprises two parallel trendlines: one functioning as resistance and the other as support. It suggests a potential continuation of the ongoing downtrend.
Potential Liquidity Grab at $9 Resistance: The analysis suggests the possibility of the price attracting new liquidity around the $9 area. This level was previously a support but has now transformed into resistance, as is often observed in technical analysis.
Plancton's Rules Application: Following the principles of Plancton's Rules and in alignment with the analysis, there's contemplation of a new short position. A short position entails selling the asset with the expectation of a price decrease.
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Follow the Shrimp 🦐
Keep in mind.
Potential Liquidity Grab at $9 Resistance: The analysis suggests the possibility of the price attracting new liquidity around the $9 area. This level was previously a support but has now transformed into resistance, as is often observed in technical analysis.
Plancton's Rules Application: Following the principles of Plancton's Rules and in alignment with the analysis, there's contemplation of a new short position. A short position entails selling the asset with the expectation of a price decrease.
–––––
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.