Evening Traders,
Today’s analysis – ILVUSDT- trading in a clear falling wedge pattern where a break bullish is probable,
Points to consider,
- Price Action Corrective
- Local S/R Zone Support
- Local S/R Resistance
- Low Volume
ILVUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the support zone, allowing for a bullish bias.
The Local Resistance is the main objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, IULVUSDT 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,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Today’s analysis – ILVUSDT- trading in a clear falling wedge pattern where a break bullish is probable,
Points to consider,
- Price Action Corrective
- Local S/R Zone Support
- Local S/R Resistance
- Low Volume
ILVUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the support zone, allowing for a bullish bias.
The Local Resistance is the main objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, IULVUSDT 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,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
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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 ⚔️
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน