Today’s analysis – BEPROUSDT- above a key high timeframe support level where a reversal is probable,
Points to consider, - Price Action Impulsive - Daily S/R Support - Swing High Objective - Volume Climax
BEPROUSDT’s current price action is corrective, trading above a Daily S/R level , allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to price discover.
The current volume profile has a climax, an influx in volume is needed for a trend continuation.
Overall, in my opinion, BEPROUSDT 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!,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.