Evening traders,
Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Resistance
- Daily S/R Objective
- Increasing Volume
LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The volume is on a steady increase, this needs to continue for an impulse break from resistance.
Overall, in my opinion, GALAUSDT 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,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Resistance
- Daily S/R Objective
- Increasing Volume
LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The volume is on a steady increase, this needs to continue for an impulse break from resistance.
Overall, in my opinion, GALAUSDT 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,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
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Unlock Blofin Bonuses
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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.