BLOKUSDT Daily S/R| Price Action| Trend| Range

Evening Traders,

Today’s analysis – BLOKUSDT – trading above a key Daily S/R level where a bullish retest of support is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci Confluenc)
- Volume Influx

BLOKUSDT’s immediate price action is trading above Daily S/R Support, holding this level on a retest allows for a bullish bias.

The level has technical confluence with the .618 Fibonacci, allowing for a bullish bias.

The current volume profile has an influx, follow through is necessary for continuation.

Overall, in my opinion, BLOKUSDT 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,

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore