ETHUSDT Monthly S/R| HTF .618 | Psfp | Price Action
Evening Traders,
Today’s analysis- ETHUSDT- trading at a key resistance zone where a rejection lower is possible,
Points to consider,
- Price action impulsive
- Monthly S/R Resistance
- HTF .618 Fiboancci Resistance
- Sfp-entry area
ETHUSDT’s immediate price action is trading in a zone that is considered resistance due to technical confluence such as the Monthly S/R, HTF .618 and Psfp, allowing for a bearish bias.
The immediate objective will be the low Psfp, this is an area of resting liquidity this a magnet for price action.
Overall, in my opinion, ETHUSDT 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,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Today’s analysis- ETHUSDT- trading at a key resistance zone where a rejection lower is possible,
Points to consider,
- Price action impulsive
- Monthly S/R Resistance
- HTF .618 Fiboancci Resistance
- Sfp-entry area
ETHUSDT’s immediate price action is trading in a zone that is considered resistance due to technical confluence such as the Monthly S/R, HTF .618 and Psfp, allowing for a bearish bias.
The immediate objective will be the low Psfp, this is an area of resting liquidity this a magnet for price action.
Overall, in my opinion, ETHUSDT 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,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.