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FTMUSDT is testing the key level

FTMUSDT is testing the 4-hour resistance level at $0.48, indicating that buyers are currently struggling to push the price higher. However, it is important to note that there was a clear bounce on the daily demand zone, suggesting that buyers are still present and actively purchasing at lower price levels.

If the price manages to break out of the 4-hour resistance level, it may signal the start of a bullish trend. According to Plancton's Rules, a well-known trading strategy, this would be a signal for new long positions. Traders who follow Plancton's Rules would look for confirmation of the breakout, such as increased volume or a price close above the resistance level, before entering a long position.

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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.
Follow the Shrimp 🦐
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the price needs a clear breakout from here snapshot
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The price is following my arrow
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Waiting for the next
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we are waiting for the last target
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waiting for the last target
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Waiting for the last target
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