Panjang
FIOBTC Double Bottom| Liquidity Run| Dynamic Resistance| PA

Evening Traders,
Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance.
Points to consider,
- PA approaching trade location
- Equal lows (liquidity run)
- Key dynamic resistance
- Oscillators over-extended
- Swing high target
FIOBTC’s price action is approaching a key trade location where a pivot bullish is probable. This will establish a double bottom in the market structure.
The equal lows increases the probability of a liquidity run, price action closing above with a wick will be indicative.
Breaking the dynamic resistance will confirm trend reversal with the immediate target swing high.
Oscillators both are overextended reaching oversold conditions; this indicates an oversold bounce being probable as price reaches liquidity.
Overall, in my opinion, FIOBTC breaking dynamic resistance will allow for a valid long into swing high. Price action is to be used upon discretion/ management of trade.
What are your thoughts?
Thank you for following my work!
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance.
Points to consider,
- PA approaching trade location
- Equal lows (liquidity run)
- Key dynamic resistance
- Oscillators over-extended
- Swing high target
FIOBTC’s price action is approaching a key trade location where a pivot bullish is probable. This will establish a double bottom in the market structure.
The equal lows increases the probability of a liquidity run, price action closing above with a wick will be indicative.
Breaking the dynamic resistance will confirm trend reversal with the immediate target swing high.
Oscillators both are overextended reaching oversold conditions; this indicates an oversold bounce being probable as price reaches liquidity.
Overall, in my opinion, FIOBTC breaking dynamic resistance will allow for a valid long into swing high. Price action is to be used upon discretion/ management of trade.
What are your thoughts?
Thank you for following my work!
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
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Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
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— Team The Alchemist ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.