USDT/D 2H CHART PATTERN

This chart is an analysis of USDT Dominance (as a percentage of total crypto market cap) on a 2-hour timeframe, posted on TradingView. Here's a breakdown of what the chart suggests:


---

Interpretation:

Current Level: 4.81% (as marked on the right side).

Resistance Zone (Red Line - STOP LOSS): Around 4.92%

Support Zones:

Primary Support (Target Area): ~4.65%

Extended Take Profit (TSKE PROFIT): ~4.50%




---

Trading Idea:

Bearish Setup:

The chartist expects a drop in USDT dominance, implying potential altcoin strength (as capital rotates from USDT into crypto assets).

The black zigzag line and arrows illustrate a projected drop from the current level (~4.86%) to the support zone (~4.65%).

A secondary target is placed around 4.50%.


Stop Loss:

If USDT dominance breaks above 4.92%, the trade idea is considered invalid.


Take Profit:

Primary TP zone: ~4.65%

Extended TP: ~4.50%




---

Strategy Summary:

Element Value

Short Entry ~4.86%
Stop Loss ~4.92%
Take Profit 1 ~4.65%
Take Profit 2 ~4.50%



---

Let me know if you'd like this analysis translated into a trading bot script, Pine Script, or a text format you can use in a trading journal.