SHIBUSDT Local Resistance| Daily S/R| Psfp| Trend
Evening Traders,
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Today’s analysis – SHIBUSDT- trading at a local resistance area where a pullback will allow for a long,
Points to consider,
- Price action impulsive
- Daily S/R Support
- Range Low Support
- Psfp Objective
SHIBUSDT’s immediate price action is rejection from local resistance, allowing for a pullback into support confluence of a Daily S/R , Psfp and Range Low.
Holding the pullback will mean a potential rotation back towards range high, the overall objective is the Psfp.
Overall, in my opinion, SHIBUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work,
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore