ONEUSDT is going to test the Demand ZoneThe price created a double top on daily timeframe on 0.38 and the market had a bearish impulse until 0.18$
The market finds a Demand zone between 0.18$ and 0.16$.
We could see a new spike on the Demand zone to get new liquidity and have a pullback on 0.5 Fibonacci Level where the market has the 1d resistance
How to Approach?
IF the price is going to have a breakout from 0.22$ and retest the previous resistance as new support, we can add the pair to our watchlist and apply our rules to open a new long position.
It's not enough a breakout or retest, you need a set of rules (strategies) to satisfy for open a new 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.
