The price is currently trading just below its All-Time Low (ATL), which may signal a potential deviation or fake breakdown. This kind of price action can sometimes lead to a recovery if the breakdown does not continue, but it also indicates the possibility that weak hands are selling, potentially driven by fear of further downside.
There are two clear take-profit (TP) levels shown:
- TP1 is around 4.500 USDT.
- TP2 is near 7.500 USDT.
If the deviation proves to be a fake-out and buyers step in, a relief rally could target these key resistance areas. However, as long as the price remains below the ATL, bearish sentiment prevails, and further downside could be expected if sellers continue to dominate.
There are two clear take-profit (TP) levels shown:
- TP1 is around 4.500 USDT.
- TP2 is near 7.500 USDT.
If the deviation proves to be a fake-out and buyers step in, a relief rally could target these key resistance areas. However, as long as the price remains below the ATL, bearish sentiment prevails, and further downside could be expected if sellers continue to dominate.
Trade active
2.20$ next
Note
Some people claimed this to be dead.We are expecting a high of 7$ to be taken.
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💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.