Evening Traders,
Today’s analysis – XVSUSDT- trading below its current Local S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Daily S/R Objective
- Oscillators Extended
XVSUSDT’s immediate price action is trading below a key location with increasing volume, allowing for a short bias.
The Daily S/R is the next objective; breaking below this will increase the probability of entering an old range.
Both oscillators are extended; a reversion to their mean is highly imminent when high timeframe levels are tested.
Overall, in my opinion, XVSUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.”
― Yvan Byeajee
Today’s analysis – XVSUSDT- trading below its current Local S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Daily S/R Objective
- Oscillators Extended
XVSUSDT’s immediate price action is trading below a key location with increasing volume, allowing for a short bias.
The Daily S/R is the next objective; breaking below this will increase the probability of entering an old range.
Both oscillators are extended; a reversion to their mean is highly imminent when high timeframe levels are tested.
Overall, in my opinion, XVSUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.”
― 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.