Long
OCEANUSDT PA Range| Range Low| Local OB| Trend
Evening Traders,
Today’s analysis – OCEANUSDT – trading in a defined range where rotation is probable,
Points to consider,
- Price Action Corrective
- Range Low Support
- Range High Resistance
- Low Volume
OCEANUSDT’s immediate price action is corrective, trading in a clear range with the range low allowing for a bullish bias.
The Range high is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The current volume is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, OCEANUSDT 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 – OCEANUSDT – trading in a defined range where rotation is probable,
Points to consider,
- Price Action Corrective
- Range Low Support
- Range High Resistance
- Low Volume
OCEANUSDT’s immediate price action is corrective, trading in a clear range with the range low allowing for a bullish bias.
The Range high is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The current volume is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, OCEANUSDT 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.