#DanielNadem
Long Trade Setup:
– The price is holding at 1.0007, showing a very slight upward drift over the daily timeframe. It is currently trading just above the 7-day moving average.
– The 1.0004 level is the immediate area that needs to hold to maintain this minor positive bias.
– A break above 1.0008 is needed to see if it can push back toward the 1.0011 area.
Risk Note:
– As a stablecoin pair, volatility is virtually non-existent, and any move is strictly limited by the peg.
Next Move:
– I expect the price to continue ranging between 1.0004 and 1.0008. There is no real trade here unless looking for a minor arbitrage opportunity or hedge.
