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$USDC TECHNICAL ANALYSIS: BEARISH MOMENTUM BUILDING – BEWARE THE SLIDE!
Immediate Market Move:
The $USD is currently showing clear bearish momentum, having dropped to 2,270.94 (-1.12%) with no immediate signs of recovery. The price has broken below key support levels and is now testing lower zones, hinting at a continuation to the downside. Repeated failures to hold above 2,300.25 and 2,288.32 reinforce bearish pressure, with a lack of strong buying volume to support a reversal. The next key support lies near 2,254.09 and 2,241.36, and a breach here could intensify the downward trajectory.
🔻Trade Setup: Short Entry
Entry: 2,270.00
Take Profit (TP): 2,254.00 / 2,241.00
Stop Loss (SL): 2,288.00
Market Outlook:
The broader outlook suggests continued weakness for the $USD unless significant buying volume enters to reclaim the 2,300+ region. For now, the trend remains bearish with rallies likely to be sold into. Caution is advised for buyers until a confirmed reversal pattern forms.
#USDAnalysis #ForexTrading #TechnicalAnalysis #BearishTrend #MarketOutlook
buy and trade here on $USDC
Immediate Market Move:
The $USD is currently showing clear bearish momentum, having dropped to 2,270.94 (-1.12%) with no immediate signs of recovery. The price has broken below key support levels and is now testing lower zones, hinting at a continuation to the downside. Repeated failures to hold above 2,300.25 and 2,288.32 reinforce bearish pressure, with a lack of strong buying volume to support a reversal. The next key support lies near 2,254.09 and 2,241.36, and a breach here could intensify the downward trajectory.
🔻Trade Setup: Short Entry
Entry: 2,270.00
Take Profit (TP): 2,254.00 / 2,241.00
Stop Loss (SL): 2,288.00
Market Outlook:
The broader outlook suggests continued weakness for the $USD unless significant buying volume enters to reclaim the 2,300+ region. For now, the trend remains bearish with rallies likely to be sold into. Caution is advised for buyers until a confirmed reversal pattern forms.
#USDAnalysis #ForexTrading #TechnicalAnalysis #BearishTrend #MarketOutlook
buy and trade here on $USDC
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