Ontusdt in strong downtrend channel formation, as we all know price moves from bottom of the channel to the top. Looking closely on the price, it got rejected from the bottom zone of the channel and at same time our oscillation indicator also crossed bullish on this making it know of true bottom of the channel.
Checking through daily timeframe we detected potential rising wedge in the making and the main idea here is to wait for price to breakout.
Focus more on the Buy Back zone as it been a projected level for the correction.
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