DSLAUSDT Daily S/R| .618 Fibonacci| Price Action| Trend

Evening Traders,

Today’s analysis – DSLA/USDT, trading near a technical confluence level where a bounce is probable,

Points to consider,
- Price Action Corrective
- Daily S/R Support
- .618 Fibonacci Confluence
- Low Volume
- RSI Oversold

DSLAUSDT’s immediate price action is corrective, holding current support area a that has confluence with the .618 Fibonacci and the Daily S/R allows for a bullish bias.

The immediate objective is the local order block, exceeding this level will increase the probability of a trend continuation.

The current RSI is approaching oversold conditions, an oversold bounce play is highly probable for a reversal.

Overall, in my opinion, DSLA/USDT 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 does not matter how slowly you go as long as you do not stop.”Confucius