TOMOUSDT wants the breakout?
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TOMOUSDT has bounced off the daily demand zone at the $0.33 level, indicating that there is significant buying pressure at this level. This could be a bullish signal that the price may be about to rise.
Currently, the price of TOMOUSDT is testing the 4-hour resistance level. If the price is able to break through this resistance level, it could be a sign that the bulls are in control and that the price may continue to rise in the short term.
However, before making any trading decisions, it is important to consider Plancton's rules, which are a set of guidelines for trading based on market analysis. According to these rules, a new long position should only be taken if the price does indeed break through the 4-hour resistance level. This would confirm that the bulls are in control and that there is a higher likelihood of a further price increase.
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Follow the Shrimp 🦐
Keep in mind.
Currently, the price of TOMOUSDT is testing the 4-hour resistance level. If the price is able to break through this resistance level, it could be a sign that the bulls are in control and that the price may continue to rise in the short term.
However, before making any trading decisions, it is important to consider Plancton's rules, which are a set of guidelines for trading based on market analysis. According to these rules, a new long position should only be taken if the price does indeed break through the 4-hour resistance level. This would confirm that the bulls are in control and that there is a higher likelihood of a further price increase.
–––––
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.
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Penafian
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