LUNAUSDT Resistance| Price Action Levels| RSI POC

2021年12月7日

Evening traders,

Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable,

Points to consider,
- Price Action Impulsive
- .618 Fibonacci Resistance
- Daily S/R Objective
- Increasing Volume

LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias.

The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.

The volume is on a steady increase, this needs to continue for an impulse break from resistance.

Overall, in my opinion, GALAUSDT 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,

“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig