#Tether showing signs of rejection at multi-year resistance (~6%)
Tether dominance is facing initial rejection from the key 6% resistance zone, a crucial level for swing-long traders. The index has been ranging between 4% and 6% since early 2024.
A weekly rejection could trigger reversals in many altcoins. Stay objective, market conditions make this setup seem unlikely, but that’s the catch.
Watch the charts without bias.
Invalidation: A break and close above this resistance.
Action: Scale in or hold spot positions.
DYOR, NFA.
More alpha and charts dropping from Monday.
Stay tuned!