USDT DOMINANCE IS AT SUPPORT! WHAT TO DO HERE? LONG OR SHORT?
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update.
USDT Dominance is trading inside a symmetrical triangle and currently near the lower trendline. USDT Dominance needs to break the green support zone for further bullish rally on the market. If it again bounce from here then we see a dump in the market again.
So it's better to wait for a close below the support level before taking any long positions here.
It's a bit risky to open a long position here. IMO wait for the daily close is much better here. If you already have some long position then try to book some profits is a good idea here.
What do you think about this?
Do you think that it again bounced from here or it will break the support this time and we see a bullish rally in the market?
Share your views in the comment section.
If you like tis idea then do support it with like and follow.
Thank You!
Welcome to this USDT Dominance update.
USDT Dominance is trading inside a symmetrical triangle and currently near the lower trendline. USDT Dominance needs to break the green support zone for further bullish rally on the market. If it again bounce from here then we see a dump in the market again.
So it's better to wait for a close below the support level before taking any long positions here.
It's a bit risky to open a long position here. IMO wait for the daily close is much better here. If you already have some long position then try to book some profits is a good idea here.
What do you think about this?
Do you think that it again bounced from here or it will break the support this time and we see a bullish rally in the market?
Share your views in the comment section.
If you like tis idea then do support it with like and follow.
Thank You!
Related publications
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.