Description
⋅ Evening Traders,
Today’s analysis – ANKRUSDT – trading at a key location where a rejection is probable,
Points to consider,
- Price Action Ranging
- Local S/R Support
- Range High Resistance
- Range Low Objective
ANKRUSDT’s immediate price action is trading towards range high resistance, allowing for a short bias.
Current Local S/R is support, breaking this level is critical for further downside.
The range low is the immediate objective, holding these areas are a must for an oversold bounce.
Overall, in my opinion, ANKRUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee