Evening Traders,
Today’s analysis – THETAUSDT – breaking Dynamic S/R, failure to close back above is bearish.
Points to consider,
- Price Action Pivot
- Range Low Support Confluence
- Dynamic S/R Resistance
- Oscillators Neutral
- Declining Volume
THETAUSDT’s immediate price action is below 21 MA and Dynamic Support; this allows us to have a bearish bias in the immediate terms.
Range low is projected support that is in confluence with long liquidity and 200 DMA, price action has a probability of bouncing here on first attempt.
Reclaiming Dynamic S/R will show strength in price action thus negating any bearish biases.
Both oscillators are trading in their respected bearish control zones, remaining in the area will show weakness in the market.
The current volume profile is declining; an influx will be imminent when testing key trade location such as untapped long liquidity.
Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Today’s analysis – THETAUSDT – breaking Dynamic S/R, failure to close back above is bearish.
Points to consider,
- Price Action Pivot
- Range Low Support Confluence
- Dynamic S/R Resistance
- Oscillators Neutral
- Declining Volume
THETAUSDT’s immediate price action is below 21 MA and Dynamic Support; this allows us to have a bearish bias in the immediate terms.
Range low is projected support that is in confluence with long liquidity and 200 DMA, price action has a probability of bouncing here on first attempt.
Reclaiming Dynamic S/R will show strength in price action thus negating any bearish biases.
Both oscillators are trading in their respected bearish control zones, remaining in the area will show weakness in the market.
The current volume profile is declining; an influx will be imminent when testing key trade location such as untapped long liquidity.
Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。