LITUSDT Weekly S/R| .618 Fibonacci| Price Action| Trend

13 de fev. de 2023

Evening Traders,

Today’s analysis – LITUSDT – rejecting from its .618 Fibonacii and is now trading below key resistance,

Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Weekly S/R Support
- Price Action Range

LITUSDT’s immediate price action is trading under resistance, as long as price stay below, it is likely to trade lower.

The Weekly S/R is the immediate support, holding this area will create a local price action range, allowing for potential accumulation.

How price action trades within the range will dictate the immolate direction

Overall, in my opinion, LITUSDT needs form a constructive range before the next expansion

Hope this analysis helps,

Thank you for following my work

And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader