ALGOUSDT is currently testing the ascending channel, with the price hovering around the 0.24$ level. where the market has the liquidity zone
A "liquidity zone" is a term used in trading to refer to a specific price range where there is an abundant amount of trading activity and therefore a higher volume of trades taking place.
The market is closely watching for any signs of a potential breakout from the 4 hour resistance line.
If the price does indeed break out and meet the criteria set by Plancton's rules,
it could provide a favorable entry point for a long position trade
–––––
Follow the Shrimp 🦐
Keep in mind.
A "liquidity zone" is a term used in trading to refer to a specific price range where there is an abundant amount of trading activity and therefore a higher volume of trades taking place.
The market is closely watching for any signs of a potential breakout from the 4 hour resistance line.
If the price does indeed break out and meet the criteria set by Plancton's rules,
it could provide a favorable entry point for a long position trade
–––––
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.
Note
The price is testing the demand zone right now.If the price grab new liquidity we can see a new bullish impulse from here
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.