USDT DOMINANCE: BE CAREFUL.
Hey guys, a quick update on the USDT dominance.
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
I will surely post some trade setups (short/long) if the market condition is good. For now, just relax and enjoy the weekly closing. It's the weekend, so have some quality time with your family and friends.
Let me know if you are stuck in any trade or have queries related to the market. I won't guarantee the solution but yes, I will surely help with my best knowledge.
Thank you ready and God bless.
We are a few hours away from the weekly close and we can literally see where the market is possibly heading. With the USDT.D bouncing back from the support line and BTC at the resistance, I would highly suggest staying away from leverage trading for now and wait for the market to cool off. If the bounce back is so good to be true then we can expect the USDT.D to reach close to 7.2% resistance. If not then 6.4% is good support for the dominance.
I will surely post some trade setups (short/long) if the market condition is good. For now, just relax and enjoy the weekly closing. It's the weekend, so have some quality time with your family and friends.
Let me know if you are stuck in any trade or have queries related to the market. I won't guarantee the solution but yes, I will surely help with my best knowledge.
Thank you ready and God bless.
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