LITUSDT Local S/R Zone| Swing High| .50 Fibonacci| Price Action
Evening Traders,
Today’s analysis – LITUSDT – trading at a key technical location with further upside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining Volume
LITUSDT’s immediate price action is impulsive, trading above its Local S/R that has technical confluence with the .50 Fibonacci the VWAP, allowing for as bullish bias.
The Swing High is current objective, price action taking this level pout will increase the probabilities of testing the all-time high.
The volume profile is on a decline, an influx is highly probable when an expansion occurs, this can to either side.
Overall, in my opinion, LITUSDT us 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 expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s analysis – LITUSDT – trading at a key technical location with further upside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining Volume
LITUSDT’s immediate price action is impulsive, trading above its Local S/R that has technical confluence with the .50 Fibonacci the VWAP, allowing for as bullish bias.
The Swing High is current objective, price action taking this level pout will increase the probabilities of testing the all-time high.
The volume profile is on a decline, an influx is highly probable when an expansion occurs, this can to either side.
Overall, in my opinion, LITUSDT us 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 expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee