ONEUSDT Daily S/R | .618 Fibonacci| Price Action| Trend
Evening Traders,
Today’s analysis – NEUSDT – trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price action corrective
- Daily S/R Support
- Swing High Objective
- Low Volume
- Trend
ONEUSDT’s immediate price action is trading towards a trade location that has technical confluence with the .618 Fibonacci and Two Daily S/R Supports, allowing for a bullish bias.
The swing high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent before the next expansion.
Overall, in my opinion, ONEUSDT 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 market can stay irrational longer than you can stay solvent.” – John Maynard Keynes
Today’s analysis – NEUSDT – trading towards a technical trade location where a bounce is probable,
Points to consider,
- Price action corrective
- Daily S/R Support
- Swing High Objective
- Low Volume
- Trend
ONEUSDT’s immediate price action is trading towards a trade location that has technical confluence with the .618 Fibonacci and Two Daily S/R Supports, allowing for a bullish bias.
The swing high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent before the next expansion.
Overall, in my opinion, ONEUSDT 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 market can stay irrational longer than you can stay solvent.” – John Maynard Keynes