CELRBTC Local S/R| Swing High| Price Action| Trend

Evening Traders,

Today’s analysis – CELRBTC – trading at a key technical location where a bounce is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Low Volume

CELRBTC’s immediate price action is corrective, trading at a technical confluence location with the .618 Fibonacci and the Local S/R, allowing for a long bias.

The Swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.

The current volume profile is on a decline, an influx is highly imminent when an expansion occurs.

Overall, in my opinion, CELRBTC is a valid long with defined risk, price action is to be use upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite