Description
⋅ Evening Traders,
Today’s analysis – ATOMUSDT- trading at a key trade location where a rotatin towards the highs is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Low Volume
- Bullish Divergence
ATOMUSDT’s immediate price action is trading at a key trade location that has technical support with the .618 Fibonacci, allowing for a bullish bias.
The immediate target is the upside resistance, a rejection at this level is likely.
The current volume profile is below average, an influx is likely 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,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee