48 hours ago, the Total Market Cap (TOTAL) was rejected at the daily descending resistance line, around $1.125T. Overnight, it dropped to $1.097T.
The daily Stochastic RSI continues to trend downward, indicating that the TOTAL might still decline further, potentially testing the next major support area at $1.025T - $1.06T.
Should the market rally once again and break the daily descending resistance line, the next resistance stands at $1.13T, followed by a major resistance line ranging between $1.175T and $1.2T.
And today, market seems to be showing Little green but not a good idea to enter long positions yet till full confirmations.
so it is advisable to use spot trades instead of futures now
The daily Stochastic RSI continues to trend downward, indicating that the TOTAL might still decline further, potentially testing the next major support area at $1.025T - $1.06T.
Should the market rally once again and break the daily descending resistance line, the next resistance stands at $1.13T, followed by a major resistance line ranging between $1.175T and $1.2T.
And today, market seems to be showing Little green but not a good idea to enter long positions yet till full confirmations.
so it is advisable to use spot trades instead of futures now