Evening Traders,
Today’s analysis – LTCUSDT- trading above its Local S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Objective
- Low Volume
LINKUSDT’s immediate price action is trading at an area where a rejection towards the Local S/R will allow for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will continue to overall trend.
The current volume profile is below average, an influx is imminent when testing a key trade location.
Overall, in my opinion, LINKUSDT 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,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – LTCUSDT- trading above its Local S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Objective
- Low Volume
LINKUSDT’s immediate price action is trading at an area where a rejection towards the Local S/R will allow for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will continue to overall trend.
The current volume profile is below average, an influx is imminent when testing a key trade location.
Overall, in my opinion, LINKUSDT 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,
‘’No one strategy is correct all the time’’.- John Paulson
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.