Today we are going to analyze the trend of leveraged cryptocurrency in $USDT, specifically in the pair LEVER/USDT. In recent days, we have observed a clearly bearish movement, marked by two significant pullbacks that have strengthened this trend.

We can notice that in the chart a sort of inverted "U" is forming, which indicates a possible turning point or a continuation of the bearish trend. Additionally, the 99-period moving average (MA(99)) is positioned above the price, although a bit far away, reinforcing the idea of a long-term bearish trend. On the other hand, the 7 and 25-period moving averages (MA(7) and MA(25)) are closer to the price, signaling more recent movements and a possible consolidation or attempt at recovery that has yet to reverse the main trend.

It is important to keep in mind that, at this moment, the overall trend remains bearish, but we must be attentive to possible pullbacks or changes that may indicate a trend reversal. Observing the moving averages and patterns in the chart helps us make more informed decisions and better manage our risks.

Always remember to conduct your complete analysis and stay updated with market signals. We remain alert to upcoming trends! 💹🔍

#Cryptocurrencies #BinanceSquare #TechnicalAnalysis #Trading #USDT #Write2Earn #Lever