설명
⋅ Evening Traders,
Today’s analysis – FETUSDT – trading above its local S/R where continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- 1.618 Fibonacci Objective
FETUSDT’s immediate price action is impulsive, treading above its local S/R where a retest and a hold will allow for a bullish bias.
The Dynamic S/R has been holding as support, allowing for a higher low projection.
The current objective is the 1.618 Fibonacci Extension, exceeding this level will lead to a bullish continuation.
Overall, in my opinion, FETUSDT 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,
“The lower your body gets the higher your jump will be.”
― Noor Alasadi