We are currently in the final phase of wave 4 to 5, forming an A-B-C corrective structure. Based on this, we could see another turquoise A-B-C wave, which might develop into an impulsive 1-2-3-4-5 setup.
If this setup plays out, I expect a potential trend reversal. The target zone around 107 USDT could be strongly breached to the downside due to high trading volume in this area. Caution is advised!
Alternative Scenario: There is also a red scenario, in which our red (1-2-3-4-5) formation, leading into a smaler (1-2-3-4-5) structure, which could also take us to the 107 USDT target zone.
Good luck with your trades! 🚀
If this setup plays out, I expect a potential trend reversal. The target zone around 107 USDT could be strongly breached to the downside due to high trading volume in this area. Caution is advised!
Alternative Scenario: There is also a red scenario, in which our red (1-2-3-4-5) formation, leading into a smaler (1-2-3-4-5) structure, which could also take us to the 107 USDT target zone.
Good luck with your trades! 🚀
Order cancelled
Doesn't fit anymore I have a new interpretation which is I think has a higher probability. 
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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.