Evening Traders,
Today’s Analysis – SFPUSDT – trading with a potential trend trade if current support holds.
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Low Volume
SFPUSDT’s immediate price action is corrective and is trading at a trade location that has technical confluence with the current 200 MA, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a trade location.
Overall, in my opinion, SFPUSDT 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 big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
Today’s Analysis – SFPUSDT – trading with a potential trend trade if current support holds.
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Low Volume
SFPUSDT’s immediate price action is corrective and is trading at a trade location that has technical confluence with the current 200 MA, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a trade location.
Overall, in my opinion, SFPUSDT 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 big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
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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!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/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.