Today’s analysis – BEPROUSDT- above a key high timeframe support level where a reversal is probable,
Points to consider, - Price Action Impulsive - Daily S/R Support - Swing High Objective - Volume Climax
BEPROUSDT’s current price action is corrective, trading above a Daily S/R level , allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to price discover.
The current volume profile has a climax, an influx in volume is needed for a trend continuation.
Overall, in my opinion, BEPROUSDT 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!,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
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