$USD1 /USDT – Sideways Consolidation
Technical Analysis:
$USD1/USDT is trading at $1.0012, showing minimal movement with only a +0.18% change in the last 24 hours. The price is oscillating in a tight range between $0.9992 and $1.0039, indicating consolidation and indecision among traders. Volume is very high at 625M USD1, suggesting strong liquidity but no clear directional bias yet.
Trade Setup:
Entry Range: $1.000 – $1.002
Target 1: $1.0035
Target 2: $1.0050
Target 3: $1.0070
Stop Loss (SL): $0.9985
Short-Term Outlook:
The market is currently range-bound. Bulls need a breakout above $1.0039 to trigger a bullish move, while a drop below $0.9992 could lead to a minor bearish correction.
Short Outlook of Market:
If USD1/USDT breaks below $0.9985, downside may extend toward $0.996 – $0.995. Conversely, a sustained breakout above $1.004 could open the path to $1.010.
