This is the defunct stablecoin
USTCUSDT
that crashed last year, it is now available on the futures market. Traders can go long or short on it, depending on market direction and your analysis.
This time, it has broken out of a downtrend convincingly, and trading volume is rising.
We will have our stop loss slightly below previous supports on 4H timeframe.
The risk to reward is cool.
What do you think about this analysis? Share your opinion with me in the comment box.
If this analysis makes sense to you, kindly like and support my idea.
I will try as much as possible to update the idea.
Cheers!
USTCUSDT
that crashed last year, it is now available on the futures market. Traders can go long or short on it, depending on market direction and your analysis. This time, it has broken out of a downtrend convincingly, and trading volume is rising.
We will have our stop loss slightly below previous supports on 4H timeframe.
The risk to reward is cool.
What do you think about this analysis? Share your opinion with me in the comment box.
If this analysis makes sense to you, kindly like and support my idea.
I will try as much as possible to update the idea.
Cheers!