Key Observations:
1. Downtrend Breakout:
The price broke out of the descending trendline, signaling potential bullish momentum.
Post-breakout, the price is consolidating above the previous resistance (now support) near $0.4482.
2. Support Levels:
$0.4482: Immediate support zone where the breakout occurred.
$0.4300–$0.4400: Strong demand zone...
Regarding BTCUSDT, it's worth noting that it recently broke the previous higher-low and the shorter timeframe indicates a change in trend. I anticipate BTC to continue its downward movement. Looking at the attached image, the upper-side liquidity from the previous week has been eliminated, leading me to expect the BTCUSDT pair to target the lower-side liquidity in...
IRISUSDT has arrived at its prior demand zone, where it is currently located. This may indicate potential support for the cryptocurrency, potentially resulting in increased demand. Nonetheless, market trends can be unforeseeable, necessitating vigilance in decision-making.
