$USDC /USDT is moving in a very tight range, and I'm noticing that price is struggling to establish a clear direction. For me, this is more of a sideways market than a strong trading opportunity right now.
Currently, USDC is trading around 1.00101, almost exactly in line with the visible MA60 at 1.00101. Price has repeatedly moved between 1.00099 and 1.00103, showing limited short-term momentum.
Key levels I'm watching:
* Resistance: 1.00103–1.00104
* Immediate support: 1.00099
* 24H High: 1.00128
* 24H Low: 1.00094
Trade idea:
📍 Entry: No clear entry yet. I'd wait for a confirmed move outside the current narrow range.
🎯 TP1: 1.00103 (nearby visible resistance)
🎯 TP2: 1.00104 (next visible chart level)
🎯 TP3: Not justified by the current chart structure.
🛑 Invalidation: Below 1.00099 for the short-term bullish idea.
If price loses 1.00099, I'd step away from the bullish setup because the immediate support would be broken.
My view: Volume has also become relatively quiet compared with earlier bars. I'm waiting for stronger confirmation before considering any direction. No need to force a trade in a market this flat.
Currently, USDC is trading around 1.00101, almost exactly in line with the visible MA60 at 1.00101. Price has repeatedly moved between 1.00099 and 1.00103, showing limited short-term momentum.
Key levels I'm watching:
* Resistance: 1.00103–1.00104
* Immediate support: 1.00099
* 24H High: 1.00128
* 24H Low: 1.00094
Trade idea:
📍 Entry: No clear entry yet. I'd wait for a confirmed move outside the current narrow range.
🎯 TP1: 1.00103 (nearby visible resistance)
🎯 TP2: 1.00104 (next visible chart level)
🎯 TP3: Not justified by the current chart structure.
🛑 Invalidation: Below 1.00099 for the short-term bullish idea.
If price loses 1.00099, I'd step away from the bullish setup because the immediate support would be broken.
My view: Volume has also become relatively quiet compared with earlier bars. I'm waiting for stronger confirmation before considering any direction. No need to force a trade in a market this flat.