Testing Daily Resistance: The current market situation involves RNDRUSDT testing a resistance level on the daily timeframe. Resistance levels are historical price levels where selling interest has previously emerged, potentially hindering the price from rising further.
Anticipating a New Bearish Impulse: The analysis suggests an expectation of a new bearish impulse following the current test of the daily resistance. A bearish impulse implies a potential downward movement in the price.
Next Target at $1.4: Based on your analysis, the subsequent price target could be around the $1.4 area. This target is derived from technical analysis and might be influenced by historical price action or specific support and resistance levels.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
Follow the Shrimp 🦐
Anticipating a New Bearish Impulse: The analysis suggests an expectation of a new bearish impulse following the current test of the daily resistance. A bearish impulse implies a potential downward movement in the price.
Next Target at $1.4: Based on your analysis, the subsequent price target could be around the $1.4 area. This target is derived from technical analysis and might be influenced by historical price action or specific support and resistance levels.
According to Plancton's strategy, we can set a nice order
–––––
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 🦐
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