롱

LINAUSDT Daily S/R| 200 MA S/R| Swing High| Price Action

Evening Traders,

Today’s analysis – LINAUSDT – trading above its Daily S/R, where a respect will be highly bullish,

Points to consider,

Price Action Impulsive
- Daily S/R Support
- (200 MA Confluence)
- Oscillators Extended
- Swing High Objective

LINAUSDT’s immediate price action is impulsive, at a true trade location that is in confluence with the Daily S/R and the 200 MA S/R – allowing for a bullish bias.

Both oscillators are trading on oversold conditions; a reversion to their means will show strength and momentum.

The Swing High is the objective; price action exceeding this level increases the probability of a continuation.

Overall, in my opinion, LINAUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones

The_Alchemist_Trader_

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 ⚔️

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

The_Alchemist_Trader_