UNFIUSDT is testing the dynamic support

2023년 3월 27일

UNFIUSDT is currently testing a dynamic support level at the 4-hour chart after a rebound from the daily demand zone at $4. This indicates that there is buying interest at this level, and if the price manages to hold above the support level, it may continue to rise.

However, there is also a possibility that the price may break below the support level, which could signal a bearish trend. According to Plancton's rules, if the price breaks below the support level, it could create a clear breakout, leading to new short positions until the $4.3 area.

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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.
  

Follow the Shrimp 🦐