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ANKRUSDT Internal S/R| Apex| Local S/R Price Action

Evening Traders,

Today’s analysis – ANKRUSDT- trading towards its apex where a move will be imminent,

Points to consider,
- Price Action Impulsive
- Internal S/R Support
- Local S/R Resistance
- Declining Volume

ANKRUSDT’s immediate price action is impulsive, trading with technical confluence from the VWAP and POC as support, allowing for a long bias.

The Local S/R is current resistance, exceeding this level increases the probability of chasing fibs.

The volume profile is on a decline, this is suggestive of an impulse being imminent.

Overall, in my opinion, ANKRUSDT 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,

“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader

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