Description
⋅ Evening Traders,
Today’s analysis – ETHUSDT – trading at a key resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Liquidity Objective
- Low Volume
ETHUSDT’s immediate price action is trading below its key level where a bearish retest is probable, allowing for a bearish bias .
The Liquidity zone is of technical interest, testing this level will likely lead to a bounce,
The current volume is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, ETHUSDT 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,
“There is only one side of the market and it is not the bull side or the bear side, but the right side.” –Jesse Livermore