ETHUSDT Local OB| .618 Fibonacci| Price Action| Volume

Evening Traders,

Today’s analysis – ETHUSDT- trading at a key trade location where a reversal is probable,

Points to consider,
- Price Action Impulsive
- Local OB Resistance
( .618 Fibonacci Confluence)
- Local S/R Support
- Low Volume

ETHUSDT’s immediate price action is impulsive, trading under a key Local OB and the .618 Fibonacci, allowing for a bearish bias.

The Local S/R is current support, price action must hold this level for a bullish market structure.

Both Oscillators are currently trading neutral , holding this level is indication of strength.

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,

“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager