WABIBTC Accumulation Phase| Monthly S/R| Daily S/R
Evening Traders,
Today’s analysis – WABIBTC – trading between two key level, hinting a probable accumulation phase.
Points to consider,
- Price Action Rotation
- Daily S/R Support
- Monthly S/R Resistance
- RSI Bullish Control Zone
WABIBTC’s immediate price action is showing signs of rotation, thus accumulation is porbable before an expansion above the Monthly S/R.
The Current Support is the Daily S/R, holding this level is critical for a sustained floor in price action.
The RSI is trading in its bullish control zone, remaining in here will be indicative of strength.
Overall, in my opinion, WABIBTC is a only a valid long above the Monthly S/R with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
Today’s analysis – WABIBTC – trading between two key level, hinting a probable accumulation phase.
Points to consider,
- Price Action Rotation
- Daily S/R Support
- Monthly S/R Resistance
- RSI Bullish Control Zone
WABIBTC’s immediate price action is showing signs of rotation, thus accumulation is porbable before an expansion above the Monthly S/R.
The Current Support is the Daily S/R, holding this level is critical for a sustained floor in price action.
The RSI is trading in its bullish control zone, remaining in here will be indicative of strength.
Overall, in my opinion, WABIBTC is a only a valid long above the Monthly S/R with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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 ⚔️
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.