USDT Breakdown Setup – Clean Structure with Bearish Momentum

After a strong bullish recovery, USDT recently entered a consolidation phase near the $2.30 region, forming a clear distribution zone. Price has now broken below the lower boundary of the consolidation and the ascending parallel channel, signaling potential bearish continuation.

Key Technical Insights:

Break of structure at $2.0988 confirms selling pressure.
Price is retesting the broken support, now acting as resistance.

We are watching for a lower high formation around $1.9691 to confirm the downtrend continuation.


Potential Bearish Targets:

1. $1.9691 – Previous support, now resistance.
2. $1.8736 – Mid-range target in line with previous demand.
3. $1.7964 – Final target zone if momentum continues.

Trade Idea:

Look for confirmation of rejection at $1.9691 with strong bearish candles or wicks. If price fails to reclaim this level, short positions could be favorable toward $1.8736 and $1.7964.