Evening Traders,
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Join the Free Trading Group
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— 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 ⚔️
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.
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 ⚔️
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.