LTCUSDT had a false breakout from the daily resistance inside a rising wedge on the 100$ area. This false breakout indicates that there was not enough buying pressure to sustain the price above the 100$ level, leading to a potential price reversal.
According to technical analysis, the price of LTCUSDT could create a new pullback into the 92$ area where the price has resistance. This pullback may occur as sellers take profits, leading to a decrease in buying pressure and a potential price decline. If the price does indeed pullback to the 92$ area and breaks below this support level, it may signal a potential new bearish trend.
As per Plancton's Rules, new short positions may be considered once the price breaks below the 92$ support level.
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Follow the Shrimp 🦐
Keep in mind.
According to technical analysis, the price of LTCUSDT could create a new pullback into the 92$ area where the price has resistance. This pullback may occur as sellers take profits, leading to a decrease in buying pressure and a potential price decline. If the price does indeed pullback to the 92$ area and breaks below this support level, it may signal a potential new bearish trend.
As per Plancton's Rules, new short positions may be considered once the price breaks below the 92$ support level.
–––––
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.
Nota
the price followed my arrow Nota
waiting for the last targetNota
waiting for the last target
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.