NEARUSDT is testing the key levelthe price of NEARUSDT is currently testing a significant key level, representing a pivotal point in determining its future direction.
As per Plancton's rules, which are based on a strategic trading approach, there is a possibility of a potential long position in this scenario. If the price successfully breaks through the key level, it may attract new liquidity into the market. This influx of liquidity could lead to increased buying pressure, potentially driving the price of NEARUSDT higher.
Traders following Plancton's rules would closely monitor the price action, looking for confirmation signals such as a decisive break above the key level or a strong bullish momentum. These signals would provide the necessary indication to initiate a long position, with the expectation that the price may continue its upward movement and present profitable trading opportunities.
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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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