ETHUSDT, the price is currently testing the demand daily zone below the weekly resistance at the 1700$ area.
This suggests that there is significant buying pressure at these levels, which could potentially lead to a price reversal in the near future.
As per Plancton's rules, traders should wait for a pullback before entering new positions.
If a pullback does occur, the first target for the price could be around 1650$, based on current support and resistance levels.
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Follow the Shrimp 🦐
Keep in mind.
This suggests that there is significant buying pressure at these levels, which could potentially lead to a price reversal in the near future.
As per Plancton's rules, traders should wait for a pullback before entering new positions.
If a pullback does occur, the first target for the price could be around 1650$, based on current support and resistance levels.
–––––
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.