Long

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

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