ZECUSDT is testing a key resistance level around the $ 38 area. This is an important price point that the market has had difficulty breaking through in the past, and a breakout above this level could signal a potential long position.
According to trading rules, a breakout above a resistance level is a strong indication of a potential long position. Therefore, if the price of ZECUSDT manages to break above the $ 38 resistance level, it could indicate a significant bullish momentum and signal a potential long position.
However, it's important to note that the breakout should be confirmed before taking a long position. This means waiting for the price to not only break above the resistance level but also show sustained bullish momentum.
In summary, the breakout above the$ 38 resistance level is mandatory to apply our rules for a new long position in ZECUSDT, and traders should wait for confirmation before entering a trade.
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Follow the Shrimp 🦐
Keep in mind.
According to trading rules, a breakout above a resistance level is a strong indication of a potential long position. Therefore, if the price of ZECUSDT manages to break above the $ 38 resistance level, it could indicate a significant bullish momentum and signal a potential long position.
However, it's important to note that the breakout should be confirmed before taking a long position. This means waiting for the price to not only break above the resistance level but also show sustained bullish momentum.
In summary, the breakout above the$ 38 resistance level is mandatory to apply our rules for a new long position in ZECUSDT, and traders should wait for confirmation before entering a trade.
–––––
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.
Comment:
The price needs to create the clear breakout
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The price needs to confirm the new support
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The price is following my arrow
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10%
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12%