AVAX / TetherUSמעודכן AVAXUSDT is testing the support
AVAXUSDT is testing a key level around the 16.55 $ area, which is significant because it has acted as both support and resistance in the past.
The market has lost the dynamic support level and has now retraced to the 0.382 Fibonacci level. This is an important level for traders as it can indicate a potential reversal in the trend. If the price of AVAXUSDT fails to hold the key support level and retests it as new resistance, this would trigger a short selling opportunity according to Plancton's rules.
Short selling is a trading strategy used by traders to profit from a decline in the price of an asset. In this case, if the price of AVAXUSDT loses the key support level and retests it as new resistance, it would signal a potential reversal in the market. This could provide an opportunity for short-term traders to enter a short position and profit from a potential decline in the price of AVAXUSDT.
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Follow the Shrimp 🦐
Keep in mind.
The market has lost the dynamic support level and has now retraced to the 0.382 Fibonacci level. This is an important level for traders as it can indicate a potential reversal in the trend. If the price of AVAXUSDT fails to hold the key support level and retests it as new resistance, this would trigger a short selling opportunity according to Plancton's rules.
Short selling is a trading strategy used by traders to profit from a decline in the price of an asset. In this case, if the price of AVAXUSDT loses the key support level and retests it as new resistance, it would signal a potential reversal in the market. This could provide an opportunity for short-term traders to enter a short position and profit from a potential decline in the price of AVAXUSDT.
–––––
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.
הערה
Waiting for the breakout הערה
Waiting for the breakoutהערה
The price is creating a pennant, waiting for the breakoutהערה
The price is following my arrow as I told you in my descriptionהערה
a clear 9% הערה
The price is following my arrow הערה
Hit the support as the arrow said. הערה
everything as expected my friends 16%
כתב ויתור
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