BELUSDT is currently trading at a crucial point, with the price testing the key level of 0.63$ on the daily chart .
The formation of a pennant below the daily resistance suggests a consolidation in price action.
The key level, pennant , and ascending channel all play a crucial role in determining the future direction of the price.
According to Plancton's Rules, a successful breakout from these technical levels could signal a potential long position opportunity.
Stay tuned for further updates on BELUSDT.
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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 🦐
The formation of a pennant below the daily resistance suggests a consolidation in price action.
The key level, pennant , and ascending channel all play a crucial role in determining the future direction of the price.
According to Plancton's Rules, a successful breakout from these technical levels could signal a potential long position opportunity.
Stay tuned for further updates on BELUSDT.
–––––
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 🦐
Note
Still testing the resistanceNote
The price is testing the key level!
Note
32% Note
155% 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.