Evening Traders,
Today’s analysis – ETHUSDT – trading at a key resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Liquidity Objective
- Low Volume
ETHUSDT’s immediate price action is trading below its key level where a bearish retest is probable, allowing for a bearish bias .
The Liquidity zone is of technical interest, testing this level will likely lead to a bounce,
The current volume is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, ETHUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“There is only one side of the market and it is not the bull side or the bear side, but the right side.” –Jesse Livermore
Today’s analysis – ETHUSDT – trading at a key resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Liquidity Objective
- Low Volume
ETHUSDT’s immediate price action is trading below its key level where a bearish retest is probable, allowing for a bearish bias .
The Liquidity zone is of technical interest, testing this level will likely lead to a bounce,
The current volume is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, ETHUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“There is only one side of the market and it is not the bull side or the bear side, but the right side.” –Jesse Livermore
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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.