USDT DOMINANCE: GOT REJECTED ONCE AGAIN!!!
Welcome folks to my new update on USDT DOMINANCE.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
The word 'STRONG' is perfect to define the 5% resistance level on USDT.D. The USDT.D has been continuously getting rejected from this same level. The current candle is at the 21 MA support and if the USDT.D breaks below it then there will be a short-term bullish rally in BTC and other altcoins. A bounce-back will surely not be good. We still have strong support below the 21 MA and in order to confirm a massive rally in the market, the USDT dominance must break down below the 3.77% support level.
In the meantime, I am gonna scalp trade, continue to hold my mid-term and long-term holding.
What's your plan?
Do like, and follow for more updates and trade setups.
I will see you in my next update.
Thank you.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
The word 'STRONG' is perfect to define the 5% resistance level on USDT.D. The USDT.D has been continuously getting rejected from this same level. The current candle is at the 21 MA support and if the USDT.D breaks below it then there will be a short-term bullish rally in BTC and other altcoins. A bounce-back will surely not be good. We still have strong support below the 21 MA and in order to confirm a massive rally in the market, the USDT dominance must break down below the 3.77% support level.
In the meantime, I am gonna scalp trade, continue to hold my mid-term and long-term holding.
What's your plan?
Do like, and follow for more updates and trade setups.
I will see you in my next update.
Thank you.
