Today’s analysis – ATOMUSD- trading away from a key support region, a pullback needs to hold for a bullish continuation.
Points to consider, - Price action impulsive - Monthly S/R Support - Psfp Liquidity - Bullish OB Support - Internal S/R Support
ATOMUSD’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias.
The current level of confluence is situated around the Monthly S/R, this includes the VAH, Psfp, Internal S/R and a Bullish OB.
The overall objective is the Daily S/R, exceeding this level will lead to a trend continuation.
Overall, in my opinion, ATOMUSD 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!,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’