BATUSDT is testing the Key level!
The BATUSDT pair is currently forming an ascending channel as it creates "Higher Highs" and "Higher Lows".
In technical analysis, Higher Highs refer to a situation where each subsequent peak of the price is at a higher level than the previous one. Similarly, Higher Lows refer to a situation where each subsequent trough of the price is at a higher level than the previous one.
These patterns indicate a bullish trend in the market and suggest that buyers are in control. This is a positive development for those who are bullish on BATUSDT.
The price has tested the resistance level at 0.31$ and we are waiting for a clear breakout. If the breakout occurs, it could signal a continuation of the bullish trend and further price appreciation.
In such a scenario, traders can apply Plancton's Rules to maximize their profits and minimize risks.
These rules provide guidelines for entering and exiting trades based on market conditions, and are used to make informed trading decisions.
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Follow the Shrimp 🦐
Keep in mind.
In technical analysis, Higher Highs refer to a situation where each subsequent peak of the price is at a higher level than the previous one. Similarly, Higher Lows refer to a situation where each subsequent trough of the price is at a higher level than the previous one.
These patterns indicate a bullish trend in the market and suggest that buyers are in control. This is a positive development for those who are bullish on BATUSDT.
The price has tested the resistance level at 0.31$ and we are waiting for a clear breakout. If the breakout occurs, it could signal a continuation of the bullish trend and further price appreciation.
In such a scenario, traders can apply Plancton's Rules to maximize their profits and minimize risks.
These rules provide guidelines for entering and exiting trades based on market conditions, and are used to make informed trading decisions.
–––––
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.
Kommentera:
ready for the HH?
