LIT / TetherUSLong
LITUSDT PA Range| Range High and Low| Accumulation
Evening Traders,
Today’s analysis – LITUSDT – trading with in an accumulation phase where a breakout will be bullish,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Low Volume
LITUSDT’s immediate price action is ranging between two key boundaries, this is indicative of accumulation.
Breaching the Range High will allow for a long biased entry, this volume on the break must be increasing as to avoid false breaks.
The RSI is current neutral, remaining in its bullish control zones will be indicative of strength.
Overall, in my opinion, LITUSDT is a valid long with define risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis – LITUSDT – trading with in an accumulation phase where a breakout will be bullish,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Low Volume
LITUSDT’s immediate price action is ranging between two key boundaries, this is indicative of accumulation.
Breaching the Range High will allow for a long biased entry, this volume on the break must be increasing as to avoid false breaks.
The RSI is current neutral, remaining in its bullish control zones will be indicative of strength.
Overall, in my opinion, LITUSDT is a valid long with define risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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