LOOMUSDT Internal S/R| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – LOOMUSDT- trading at a key technical location where continuation is probable,
Points to consider,
- Price Action Impulsive
- Internal S/R Support
- Swing High Objective
- Oscillators extended
LOOMUSDT’s immediate price action is impulsive, trading above its Daily S/R zone where consolidation is deemed bullish.
The Internal S/R must be maintained to ensure price action higher lows are intact
Both oscillators are extended, remaining in their bullish control zones will be indicative of strength.
Overall, in my opinion, LOOMUSDT 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,
“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 – LOOMUSDT- trading at a key technical location where continuation is probable,
Points to consider,
- Price Action Impulsive
- Internal S/R Support
- Swing High Objective
- Oscillators extended
LOOMUSDT’s immediate price action is impulsive, trading above its Daily S/R zone where consolidation is deemed bullish.
The Internal S/R must be maintained to ensure price action higher lows are intact
Both oscillators are extended, remaining in their bullish control zones will be indicative of strength.
Overall, in my opinion, LOOMUSDT 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,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
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