Description
⋅ Evening Traders,
Today’s analysis – ANKRUSDT – trading at a key Daily S/R where a bullish deviation is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Objective
- Low Volume
- Oscillators Neutral
ANKRUSDT’s immediate price action is impulsive, holding a key Daily S/R, allowing for a bullish bias.
The immediate objective is taking out the Local S/R, taking this level will increase the probability of testing the swing high.
Current Volume Profile is on a decline, an impulse is highly imminent when an expansion occurs.
Both oscillators are trading neutral, penetrating their bullish control zones will be indicative of strength.
Overall, in my opinion, ANKRUSDT 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,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite