$USDC
USDCUSDT
Trvl
1.00047
+0.01%
Long Trade Setup:
– Price is at 1.0005 after touching a high of 1.0005 and a low of 1.0000 in the last 24 hours.
– It is trading in an extremely tight range, basically pegged right around 1.00 as expected for a stablecoin.
– Key level to hold is around 1.0000, the psychological and recent low.
– A break above 1.0005 would just target the next minor resistance near 1.0006, but nothing meaningful.
Risk Note:
– If it drops convincingly below 1.0000, that would signal potential depeg and could lead to quicker downside.
Next Move:
– Watching for any deviation from this flat range.
– Mostly just monitoring stability, volume spikes would be the main thing to note.