ONEUSDT .618 Fibonacci| Prince Action| Trend
Evening Traders,
Today’s analysis – ONEUSDT – trading at a key location where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Local OB Support
- Low Volume
ONEUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias.
The current volume is below average, an influx is highly imminent on the next expansion.
Holding this support is key for a bounce to upside resistance, failure will be indicative of weakness.
Overall, in my opinion, ONEUSDT 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,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Today’s analysis – ONEUSDT – trading at a key location where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Local OB Support
- Low Volume
ONEUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias.
The current volume is below average, an influx is highly imminent on the next expansion.
Holding this support is key for a bounce to upside resistance, failure will be indicative of weakness.
Overall, in my opinion, ONEUSDT 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,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager