FILUSDT Daily S/R| .618 Fibonacci| Price Action| Trend
Evening Traders,
Today’s analysis – FILUSDT – trading above a key level where finding support will be bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- (.618 Fibonacci Confluence)
- Increasing Volume
FILUSDT’s immediate price action is impulsive, trading towards a ley trade location that has technical confluence with the .618 Fibonacci, allowing for a long bias.
The immediate objective is the swing high, exceeding this level increases the probability of a trend continuation.
The current volume profile is increasing, remaining above average is indicative of momentum.
Overall, in my opinion, FILUSDT 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!,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.
Today’s analysis – FILUSDT – trading above a key level where finding support will be bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- (.618 Fibonacci Confluence)
- Increasing Volume
FILUSDT’s immediate price action is impulsive, trading towards a ley trade location that has technical confluence with the .618 Fibonacci, allowing for a long bias.
The immediate objective is the swing high, exceeding this level increases the probability of a trend continuation.
The current volume profile is increasing, remaining above average is indicative of momentum.
Overall, in my opinion, FILUSDT 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!,
Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets.