Support Test After Head and Shoulders: The present market condition involves BAKEUSDT testing the support around the $0.1 area following the formation of a clear head and shoulders pattern. This pattern is recognized by three peaks, with the middle peak (the "head") higher than the two surrounding peaks (the "shoulders"). It typically suggests a potential trend reversal.
Potential Support Loss: There's a possibility that the price might decline below the $0.1 area. In such a scenario, in line with Plancton's Rules, the price could subsequently revisit the $0.9 area.
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Follow the Shrimp 🦐
Keep in mind.
Potential Support Loss: There's a possibility that the price might decline below the $0.1 area. In such a scenario, in line with Plancton's Rules, the price could subsequently revisit the $0.9 area.
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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.
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