In today’s analysis -WIFUSDT - correcting from a strong bullish expansion, confirming a S/R Flip retest at key support will allow for a long trade.
Points to consider ✍️
- Value Area High S/R Support
- Declining Volume
- .618 Fibonacci Support
- Daily S/R Support
- Swing High Objective
The immediate price action is correcting, it is trading towards a region of technical confluence, that being the .618 Fibonacci, Daily S/R Support and Value Area High.
Confirming a bullish retest at this region of needs to be backed with increasing volume, the current volume profile has declined visibly below average.
Overall, in from Bitcoin Insider’s perspective, WIFUSDT is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
Points to consider ✍️
- Value Area High S/R Support
- Declining Volume
- .618 Fibonacci Support
- Daily S/R Support
- Swing High Objective
The immediate price action is correcting, it is trading towards a region of technical confluence, that being the .618 Fibonacci, Daily S/R Support and Value Area High.
Confirming a bullish retest at this region of needs to be backed with increasing volume, the current volume profile has declined visibly below average.
Overall, in from Bitcoin Insider’s perspective, WIFUSDT is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
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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!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/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.