By analyzing the chart, it becomes clear that the USDT dominance structure is bearish.
After the structural shift to a downtrend, with lower highs and lower lows forming, it is expected that the price will drop to the main support zone in order to collect major orders from lower levels.
The price could drop from the current level or from the upper supply zone, which would signal a bullish move in the overall market.
The target is the green box.
A daily candle closing above the supply zone would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
After the structural shift to a downtrend, with lower highs and lower lows forming, it is expected that the price will drop to the main support zone in order to collect major orders from lower levels.
The price could drop from the current level or from the upper supply zone, which would signal a bullish move in the overall market.
The target is the green box.
A daily candle closing above the supply zone would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
This index has dropped more than 3% so far, according to the previous analysis. The green zone is a strong support area that you should watch closely.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.