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DSLAUSDT Daily S/R| .618 Fibonacci| Price Action| Trend
Evening Traders,
Today’s analysis – DSLA/USDT, trading near a technical confluence level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Confluence
- Low Volume
- RSI Oversold
DSLAUSDT’s immediate price action is corrective, holding current support area a that has confluence with the .618 Fibonacci and the Daily S/R allows for a bullish bias.
The immediate objective is the local order block, exceeding this level will increase the probability of a trend continuation.
The current RSI is approaching oversold conditions, an oversold bounce play is highly probable for a reversal.
Overall, in my opinion, DSLA/USDT 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,
It does not matter how slowly you go as long as you do not stop.”Confucius
Today’s analysis – DSLA/USDT, trading near a technical confluence level where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Confluence
- Low Volume
- RSI Oversold
DSLAUSDT’s immediate price action is corrective, holding current support area a that has confluence with the .618 Fibonacci and the Daily S/R allows for a bullish bias.
The immediate objective is the local order block, exceeding this level will increase the probability of a trend continuation.
The current RSI is approaching oversold conditions, an oversold bounce play is highly probable for a reversal.
Overall, in my opinion, DSLA/USDT 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,
It does not matter how slowly you go as long as you do not stop.”Confucius
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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 ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.