1INCHUSDT is testing the key level1INCHUSDT is currently testing the 4-hour resistance level at the $0.58 mark, which indicates that there is significant selling pressure at this level.
According to Plancton's Rules of Trading, if the price manages to break out above the 4-hour resistance level, it may be a signal to establish new long positions. However, it is important to note that the price has bounced several times on the dynamic support, indicating that there is also significant buying pressure at lower levels. This suggests that the market is currently in a state of equilibrium, and a breakout in either direction could result in a significant move.
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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 🦐
