RNDRUSDT is testing the 2$ area
RNDRUSDT is approaching the dynamic daily resistance level situated around $2. This price level holds psychological significance for traders and investors.
In technical analysis, when a price approaches a resistance level, market participants closely observe the behavior to determine if a breakout is imminent. Should the price of RNDRUSDT successfully surpass the $2 resistance level and establish it as a new support level, it would indicate a significant shift in market sentiment.
According to Plancton's Rules, if the price of RNDRUSDT convincingly breaks above the $2 resistance level and successfully retests it as a new support level, it may present a favorable opportunity for long positions. This means traders would potentially consider entering new long positions, expecting further upward movement in the price.
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Follow the Shrimp 🦐
Keep in mind.
In technical analysis, when a price approaches a resistance level, market participants closely observe the behavior to determine if a breakout is imminent. Should the price of RNDRUSDT successfully surpass the $2 resistance level and establish it as a new support level, it would indicate a significant shift in market sentiment.
According to Plancton's Rules, if the price of RNDRUSDT convincingly breaks above the $2 resistance level and successfully retests it as a new support level, it may present a favorable opportunity for long positions. This means traders would potentially consider entering new long positions, expecting further upward movement in the price.
–––––
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.
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.