$USDT Dominance broke above the 8.2 resistance, but it turned into a fake breakout and price moved back below the level. It is now moving down toward the rising trendline support.
If it holds above the trendline and EMA, dominance can still stay strong, which may keep pressure on crypto prices. A rejection here could give the market some relief. This is a key area to watch for the next move. DYOR, NFA #CryptoTrading
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$USDT Dominance broke above the 8.2 resistance, but it turned into a fake breakout and price moved back below the level. It is now moving down toward the rising trendline support.
If it holds above the trendline and EMA, dominance can still stay strong, which may keep pressure on crypto prices. A rejection here could give the market some relief.
This is a key area to watch for the next move.
DYOR, NFA
#CryptoTrading