🚨 WATCH out for $D /USDT/USDT! 🚨
The pair is showing an interesting movement. We see that the current price is $0.03600. It has had a spike of 4.35%, which could indicate a possible bullish momentum, but we need to be cautious.
In the 15-minute chart, DUSDT seems to be consolidating after a peak. The 7-period moving average (MA7) is at $0.03619, above the MA25 ($0.03547), which gives us a long signal in the short term.
However, the taker volume shows more taker sell volume in the last leg, which could indicate that the bears are trying to push the price down. Additionally, the long/short average tells us that there are more accounts in short than in long.
Possible Scenarios:
Long: If DUSDT manages to break and consolidate above $0.03650 with good buying volume, we could see a move towards the resistance of $0.03799. That would be a good profit-taking zone.
Short: If the price fails to exceed that resistance and drops below $0.03550, we could see a pullback to seek liquidity at $0.034 or even $0.03350. It is important to see how the volume reacts at those levels.
We must be alert to manipulation! Sometimes, these initial spikes can be traps to catch liquidity. Maintain patience and confirm movements with volume.
Risk management always comes first! ❤️🔥