ENSUSDT is testing the dynamic resistance
Updated
ENSUSDT has recently experienced a breakout from an ascending channel pattern.
This breakout indicates that the previous uptrend has potentially ended and a new trend may be starting.
Currently, the price is testing the dynamic resistance level, which suggests that there may be some selling pressure at this level.
According to Plancton's rules, if the price were to break below the local support level at the $13 area and subsequently retest it as a new resistance level, this would present an opportunity for traders to consider new short positions.
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Follow the Shrimp 🦐
Keep in mind.
This breakout indicates that the previous uptrend has potentially ended and a new trend may be starting.
Currently, the price is testing the dynamic resistance level, which suggests that there may be some selling pressure at this level.
According to Plancton's rules, if the price were to break below the local support level at the $13 area and subsequently retest it as a new resistance level, this would present an opportunity for traders to consider new short positions.
–––––
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.
Note
wait for the breakoutNote
the price is testing the key level 
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