XTZUSDT is a cryptocurrency pair that recently experienced a rejection from the 1.450 area, which is a significant daily resistance level. As a result, the price of XTZUSDT has pulled back and is currently testing the 4-hour support level at 1.080 area, where it has previously created a double bottom pattern.
If the current support level fails to hold, it could potentially lead to further downward pressure on the price of XTZUSDT. In such a scenario, traders may consider opening short positions and targeting the 1$ area, which is a key liquidity zone and demand zone for the market. This is because the price could potentially reach this level before a new bullish impulse occurs, according to market analysis.
According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
If the current support level fails to hold, it could potentially lead to further downward pressure on the price of XTZUSDT. In such a scenario, traders may consider opening short positions and targeting the 1$ area, which is a key liquidity zone and demand zone for the market. This is because the price could potentially reach this level before a new bullish impulse occurs, according to market analysis.
According to Plancton's strategy, we can set a nice order
–––––
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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Follow the Shrimp 🦐
Note
Waiting for the breakoutNote
watching Note
the price is testing the support right now! 
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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.