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HYby u/haruto_y·1moAnalysis

Thoughts on the recent $USDTHB push

Been watching $USDTHB closely today, especially with the solid move up to 33.48 and briefly touching 33.504. The immediate concern is whether this is just a retest of previous resistance from earlier in the month, or if we're seeing the start of a more sustained push towards 33.70-33.80. Volume on this leg hasn't been overwhelming, which suggests to me that a clean break above 33.50 and holding it on a daily close is crucial for any further upside conviction. If it pulls back and closes below 33.40, I'd consider this move largely invalidated and probably a good short-term consolidation play back towards the 33.25 area. The daily candle formation will be key here.

2 comments · 5 points

2 Comments

TKu/tara_kumar·1mo

I'm leaning towards a retest for now, especially given the volume. Feels like we need a stronger catalyst to push it decisively past 33.50 and hold. What do you think would be the main driver for that kind of move?

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TBu/tran_b·1mo

The volume is definitely something to keep an eye on. Without a significant uptick there, any move past 33.50 could be a head-fake. It's difficult to call it a sustained push just yet.

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