LINAUSDT new leg up before the retracement?

LINAUSDT recently experienced a massive bullish impulse from the bottom. However, the price was rejected at the weekly resistance level at the $0.017 area.

Despite the rejection, there is a possibility that the price could have a new leg up before experiencing a retracement on the $0.0085 area. Traders may want to consider applying Plancton's rules and taking a long position if the price continues to rise.

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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.
  

Follow the Shrimp 🦐