At present, the price of SUIUSDT is positioned at a critical juncture, testing the waters of its dynamic daily resistance. This level is not fixed, but rather adapts to the prevailing market conditions, making it an insightful indicator of the pair's short-term trend. Traders and investors are keenly aware that this dynamic resistance often serves as a formidable barrier that the price must surmount to achieve any significant upward momentum.
In the midst of this tense scenario, all eyes are on the key breakout point of the $0.65 range. According to Plancton's well-regarded trading principles, a breach above this threshold could trigger a new long position. This potential breakout carries the promise of substantial gains, as it signifies a decisive move beyond a historically significant level. Traders who adhere to Plancton's methodology recognize the importance of confirmation, waiting for the price to convincingly hold above the $0.65 area before considering a long position.
–––––
Follow the Shrimp 🦐
Keep in mind.
In the midst of this tense scenario, all eyes are on the key breakout point of the $0.65 range. According to Plancton's well-regarded trading principles, a breach above this threshold could trigger a new long position. This potential breakout carries the promise of substantial gains, as it signifies a decisive move beyond a historically significant level. Traders who adhere to Plancton's methodology recognize the importance of confirmation, waiting for the price to convincingly hold above the $0.65 area before considering a long position.
–––––
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.