WING/USDT remains in a downtrend, continuing to trade below the downtrend supply channel, which has consistently rejected price advances.
This channel is a critical zone to watch. We plan to patiently observe price action at the current zone, with attention on the immediate resistance level at $4.36. If price breaks above this level, a relief rally toward the channel may occur.
However, if price fails to hold above, we'll look to buy from the strong demand zone indicated on the chart.
Your thoughts are welcome.