USDT.D
USDT.D has been following downtrend for some weeks and now it is in fibonacci support (check first screenshot). It’s a quick recovery support, so it should have pumped immediately it touched that support. But it hasn’t pumped so far which gave the market some room to grow.
I think it should break this support soon and dump further. But before that, this index will hunt some stop loss and lure some FOMO traders. I have drawn two boxes (check second screenshot) from where I think USDT.D will continue the downtrend. So, don't be in fear. Just hodl.
FOMC meeting is knocking at the door. It's almost sure that zero rate cut will happen. This will dump the market to some extent and then the pricing in for the next FOMC meeting (expectation for 25bps rate cut) will start happening.