Description
⋅ Evening Traders,
Today’s analysis – DEFIUSDTPERPS – Treading below its Daily S/R with further downside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Resistance
- Low Volume
DEFIUSDT’s immediate price action is trading below a key technical level that needs proving resistance.
The Local S/R is current support, holding this level is critical for support, failure will increase further downside.
The current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, DEFIUSDT remains short until the Daily S/R is breached
Hope this analysis helps
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,