Evening Traders,
Today’s analysis – RSRUSDT- trading above a key Local S/R where further upside is probable,
- Points to consider,
- Price action impulsive
- Local S/R support
- Swing High Objective
- Volume Influx
RSRUSDT’s immediate price action is impulsive, trading above a key trade location, the Local S/R Zone, allowing for a bullish bias.
The Swing High is the current objective, exceeding this level will lead to a trend continuation.
There has been a volume influx, this is indicative of a true break, volume follow through is required to suction momentum.
Overall, in my opinion, RSRUSDT 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,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Today’s analysis – RSRUSDT- trading above a key Local S/R where further upside is probable,
- Points to consider,
- Price action impulsive
- Local S/R support
- Swing High Objective
- Volume Influx
RSRUSDT’s immediate price action is impulsive, trading above a key trade location, the Local S/R Zone, allowing for a bullish bias.
The Swing High is the current objective, exceeding this level will lead to a trend continuation.
There has been a volume influx, this is indicative of a true break, volume follow through is required to suction momentum.
Overall, in my opinion, RSRUSDT 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,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
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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.
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.