USDT DOMINANCE: A RALLY OR A BREAKDOWN?
The recent bounce in the USDT Dominance is creating fear in the market. The support of 7.9% is quite strong and is not allowing BTC and the altcoins to rally any further. A rally on the dominance up to 8.45% will be fine but all I fear is the breakout above the resistance trendline. If the dominance breaks out above the 8.45% resistance, I fear that we will see another big dump in the market.
The USDT.D is not bearish until and unless it breaks down below the 7.9% support level. All eyes on deck, USDT.D, a rally towards the 8.45% or a breakdown below the 7.9%. Let us see what happens next.
Thank you for reading my post. one like, comment, and share will be highly appreciated.
Trade safely.
The USDT.D is not bearish until and unless it breaks down below the 7.9% support level. All eyes on deck, USDT.D, a rally towards the 8.45% or a breakdown below the 7.9%. Let us see what happens next.
Thank you for reading my post. one like, comment, and share will be highly appreciated.
Trade safely.
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