USDT Dominance is in play. Testing the blue EMA right now after the breakdown.Although this is a 4 hour chart but most of the people trade on leverage so keep in mind an hourly full candle close above the 6.28% followed by a confirmation candle would mean I will close my long positions manually and this chart will be invalidated.
Unlikely, but you never know. Always be prepared for the worst. I am holding Long positions right now.
Let me know what you think. Do hit the like button and share your views in the comment section.
Thank you
#PEACE
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There's a slight change here, due to the rise in blue MA level has moved from 6.28% to 6.33% so to invalidate this chart we will need a close back inside the channel. And, although the price is above the blue MA in the hourly chart it is still getting rejected from the channel.
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