Evening Traders,
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back 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
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back 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
Free Alpha Group t.me/freetradingden
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
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
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
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.