Evening Traders,
Today’s analysis – XLMUSDT – trading above its Daily S/R where a respect is probable,
Points to consider,
- Price Action impulse
- Daily S/R Support
- Swing High Objective
- 200 EMA Confluence
XLMUSDT’s immediate price action is impulsive, respecting its Daily S/R that has technical confluence allows for a long bias.
The immediate objective is the swing high; exceeding this level increases the probability of a trend continuation.
The current volume profile is on an increase; follow through it critical for sustained momentum.
Overall, in my opinion, XLMUSDT 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,
“You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
Today’s analysis – XLMUSDT – trading above its Daily S/R where a respect is probable,
Points to consider,
- Price Action impulse
- Daily S/R Support
- Swing High Objective
- 200 EMA Confluence
XLMUSDT’s immediate price action is impulsive, respecting its Daily S/R that has technical confluence allows for a long bias.
The immediate objective is the swing high; exceeding this level increases the probability of a trend continuation.
The current volume profile is on an increase; follow through it critical for sustained momentum.
Overall, in my opinion, XLMUSDT 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,
“You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
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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.