Today’s analysis – AKROUSDT – trading within its apex where a breakout will be imminent,
Points to consider, - Price Action Impulsive - Internal S/R Support - Range High Resistance - Deviation Objective - Oscillators Neutral
AKROUSDT’s immediate price action is impulsive, trading at a key location that has technical confluence with the Internal S/R and the Range High, this allows for a bullish bias.
The immediate objective is the Deviation high, exceeding this level will increase the probability of a trend continuation.
Both oscillators are currently trading neutral, maintaining their bullish control zones is indicative of strength.
Overall, in my opinion, AKROUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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