CUDISUSDT.P: short setup from daily support at 0.07366

26 Eyl

The situation here looks quite obvious: the CUDISUSDT.P is being slammed down hard.
There was an attempt to buy the dip, which led to a strong rally, but that rally was completely engulfed.
Now the price is once again near its all-time low. The fact that the decline continued after the failed rally clearly indicates a complete absence of buyers.
Key factors for this scenario

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Liquidity grab (false move against the trend)
  
• Volatility contraction on approach
  
• Momentum stall at the level
  

Was this analysis helpful? Leave your thoughts in the comments and follow to see more.

27 Eyl

İşlem kapandı: hedefe ulaştı

The minimum 5-to-1 risk/reward ratio has been achieved.