Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. After the continuous pump in USDT.D, we get some relief dump here that's why we saw some bullish movement in the market? But the question is the USDT Dominance pump over here or this is just a retest?
Let's get to the chart.
As you see in the chart USDT.D has an important support level at 4.30-4.40 level (Green box). After taking a bit of support here USDT.D can again bounce. So we have to be extra cautious in this zone. I'm not taking any long position here. If USDT.D breaks and closes below the 4.30 level then I'm completely bullish again but till then we might see another drop in BTC( might be a last and quick drop to $37.5k)
All we need to keep an eye on this level and be cautious here.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this USDT DOMINANCE update. After the continuous pump in USDT.D, we get some relief dump here that's why we saw some bullish movement in the market? But the question is the USDT Dominance pump over here or this is just a retest?
Let's get to the chart.
As you see in the chart USDT.D has an important support level at 4.30-4.40 level (Green box). After taking a bit of support here USDT.D can again bounce. So we have to be extra cautious in this zone. I'm not taking any long position here. If USDT.D breaks and closes below the 4.30 level then I'm completely bullish again but till then we might see another drop in BTC( might be a last and quick drop to $37.5k)
All we need to keep an eye on this level and be cautious here.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Note
USDT Dominance bouncing and market taking correction as expected. Now we have two resistances one is at 4.46 and another one is at 4.58 level so expecting a drop from there. IMO it's better to accumulate some potential longs here.
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.
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.