Evening Traders,
Today’s analysis – SANDUSDT- trading towards a key resistance area where a rejection is plausible,
Points to consider,
- Price action impulsive
- Int-Daily S/R Resistance
- .618 Fibonacci Resistance
- Deviation
SANUSDT’s immediate price actin is trading towards a key region where there is resistance confluence with the int-Daily S/R and the .618 Fibonacci, this allows for a bearish bias.
Price action trading around the resistance will increase the probability of a potential deviation.
Overall, in my opinion, SANDUSDT 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,
“Trade the market in front of you, not the one you want!” – Scott Redler
Today’s analysis – SANDUSDT- trading towards a key resistance area where a rejection is plausible,
Points to consider,
- Price action impulsive
- Int-Daily S/R Resistance
- .618 Fibonacci Resistance
- Deviation
SANUSDT’s immediate price actin is trading towards a key region where there is resistance confluence with the int-Daily S/R and the .618 Fibonacci, this allows for a bearish bias.
Price action trading around the resistance will increase the probability of a potential deviation.
Overall, in my opinion, SANDUSDT 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,
“Trade the market in front of you, not the one you want!” – Scott Redler
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.