SKLUSDT is testing the dynamic support level. Dynamic support is a support level that is created by a moving average or other technical indicator that adjusts based on recent price action.
If the price of SKLUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic support level, it could indicate a potential trend reversal.
The price of SKLUSDT is expected to retest the 4-hour resistance at 0.04$, which is a key level of resistance for the market. If the price breaks above this resistance level, it may indicate a potential continuation of the uptrend.
If the price of SKLUSDT loses the dynamic support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. Plancton's Rules is a trading strategy that involves waiting for a breakout of a key level of support or resistance, and then entering a position in the direction of the breakout.
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Follow the Shrimp 🦐
Keep in mind.
If the price of SKLUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic support level, it could indicate a potential trend reversal.
The price of SKLUSDT is expected to retest the 4-hour resistance at 0.04$, which is a key level of resistance for the market. If the price breaks above this resistance level, it may indicate a potential continuation of the uptrend.
If the price of SKLUSDT loses the dynamic support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. Plancton's Rules is a trading strategy that involves waiting for a breakout of a key level of support or resistance, and then entering a position in the direction of the breakout.
–––––
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.
Comment:
wait for it
