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Chainbase/Tether USD PERPETUAL CONTRACTChainbase/Tether USD PERPETUAL CONTRACTChainbase/Tether USD PERPETUAL CONTRACT

Chainbase/Tether USD PERPETUAL CONTRACT

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CUSDT.P trade ideas

C / UsdtBINANCE:CUSDT ### **📊 Chart Overview – CUSDT (1H):** * **Current Price:** \$0.3225 * **Recent Trend:** Price is consolidating below a **descending trendline (red)** after a sharp decline from \$0.44–\$0.45. * **Key Levels:** * **Support:** \$0.31 – \$0.32 (highlighted zone). * **Resistance:** \$0.34 – \$0.35 (trendline breakout needed). * **Major Resistance:** \$0.4456. --- ### **🔍 Technical Breakdown:** 1. **Downtrend Continuation:** * Price is still below the **red descending trendline**, which acts as dynamic resistance. * As long as it stays below \$0.34, the bears remain in control. 2. **Bullish Scenario:** * A **clear breakout above \$0.34** with strong volume could lead to a push toward **\$0.37 – \$0.40**. 3. **Bearish Scenario:** * Failure to hold **\$0.31 – \$0.32 support** could open doors to a drop towards **\$0.30 or even \$0.28**. --- ### **📌 Summary:** CUSDT is in a **critical consolidation zone**. Watch the **\$0.32 support** and **\$0.34 resistance** closely — a breakout or breakdown could decide the next move. --- ⚠️ **Disclaimer:** *This analysis is for educational purposes only, not financial advice. Always do your own research and trade carefully.*
BINANCE:CUSDTLong
by Wolftrader1337