ATOMUSDT Bullish OB| Swing Low| Price Action|Trend
Evening Traders,
Today’s analysis – ATOMUSDT – trading at a key support level where a rotation back towards the high is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Resistance
- POC Resistance
- Low Volume
ATOMUSDT’s immediate price action is trading at an order block, offering support, this allows for a bullish bias.
The .618 Fibonacci and the POC S/R is current resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, ATOMUSDT 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,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Today’s analysis – ATOMUSDT – trading at a key support level where a rotation back towards the high is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Resistance
- POC Resistance
- Low Volume
ATOMUSDT’s immediate price action is trading at an order block, offering support, this allows for a bullish bias.
The .618 Fibonacci and the POC S/R is current resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, ATOMUSDT 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,
“There is a huge difference between a good trade and good trading.” – Steve Burns