USDT DOMINANCE is bullish (8H)

532
We have a bullish structure on the chart, and in a broader view, there is a double-bottom pattern. The price is currently supported by these formations.

Recently, the price has also reached a demand zone, so a pump is expected soon. Be cautious with buy/long positions.

A daily candle closing below the invalidation level will invalidate this outlook.

Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Trade active
It has pumped more than 8%, hitting TP 1.

We still don’t have a valid confirmation for this INDEX to turn bearish.
snapshot
Trade closed: target reached
After hitting the demand zone, it pumped over 21%, causing the crypto market to turn red.

It could get rejected from this area or slightly higher.

We’ll be releasing an update on Tether Dominance soon

snapshot

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.