The 4‑hour candle just slipped under the $1.00 mark, and the next stop sits a full 2 cents higher. Read this before you click buy 👇
Price is edging lower, but zero funding and flat open interest hint the market isn’t flooded with leveraged longs. The RSI hovering in the mid‑40s also suggests room for a modest dip.
The 4H picture points to a bearish bias: the ~1.0048 resistance area on the 4‑hour chart acts as the pivot. Lose that zone on a 4H close and the move toward the ~0.9776 objective zone gains credibility. Hold above ~1.0198 and the bearish read collapses. Tap $USD1 to pull up the chart and see these zones yourself.
My read: $USD1 will likely drift toward the mid‑0.98s unless it decisively punches through the ~1.02 ceiling.
Follow me for the next update when the 0.98 zone holds or the 1.02 ceiling cracks. What level are you watching on $USD1? 👇
⚠️ Not financial advice. DYOR.
#USD1 #Stablecoin #Crypto #BinanceSquare
Price is edging lower, but zero funding and flat open interest hint the market isn’t flooded with leveraged longs. The RSI hovering in the mid‑40s also suggests room for a modest dip.
The 4H picture points to a bearish bias: the ~1.0048 resistance area on the 4‑hour chart acts as the pivot. Lose that zone on a 4H close and the move toward the ~0.9776 objective zone gains credibility. Hold above ~1.0198 and the bearish read collapses. Tap $USD1 to pull up the chart and see these zones yourself.
My read: $USD1 will likely drift toward the mid‑0.98s unless it decisively punches through the ~1.02 ceiling.
Follow me for the next update when the 0.98 zone holds or the 1.02 ceiling cracks. What level are you watching on $USD1? 👇
⚠️ Not financial advice. DYOR.
#USD1 #Stablecoin #Crypto #BinanceSquare
