Yesterday’s spike in USDT.D during the volatility shook the market hard — but look closer 👀
This breakout above the range could be a seller’s trap. We saw a breakout attempt with strong wicks and rejection right after, hinting that buyers might regain control soon.
The false breakdown earlier and quick reclaim of the range further supports this bias.
If USDT.D starts falling again, it could fuel a recovery in risk assets (BTC + alts). For now — watching for confirmation, but cautioning against chasing fear here.
Stay sharp
This breakout above the range could be a seller’s trap. We saw a breakout attempt with strong wicks and rejection right after, hinting that buyers might regain control soon.
The false breakdown earlier and quick reclaim of the range further supports this bias.
If USDT.D starts falling again, it could fuel a recovery in risk assets (BTC + alts). For now — watching for confirmation, but cautioning against chasing fear here.
Stay sharp
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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.
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.