Long
LITUSDT Weekly S/R| .618 Fibonacci| Price Action| Trend
Evening Traders,
Today’s analysis – LITUSDT – rejecting from its .618 Fibonacii and is now trading below key resistance,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Weekly S/R Support
- Price Action Range
LITUSDT’s immediate price action is trading under resistance, as long as price stay below, it is likely to trade lower.
The Weekly S/R is the immediate support, holding this area will create a local price action range, allowing for potential accumulation.
How price action trades within the range will dictate the immolate direction
Overall, in my opinion, LITUSDT needs form a constructive range before the next expansion
Hope this analysis helps,
Thank you for following my work
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Today’s analysis – LITUSDT – rejecting from its .618 Fibonacii and is now trading below key resistance,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Weekly S/R Support
- Price Action Range
LITUSDT’s immediate price action is trading under resistance, as long as price stay below, it is likely to trade lower.
The Weekly S/R is the immediate support, holding this area will create a local price action range, allowing for potential accumulation.
How price action trades within the range will dictate the immolate direction
Overall, in my opinion, LITUSDT needs form a constructive range before the next expansion
Hope this analysis helps,
Thank you for following my work
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Disclaimer
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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Disclaimer
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.