Today’s analysis – FILUSDT – trading above a key level where finding support will be ,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- (.618 )
FILUSDT’s immediate price action is impulsive, trading towards a ley trade location that has technical confluence with the .618 Fibonacci, allowing for a long bias.
The immediate objective is the swing high, exceeding this level increases the probability of a trend continuation.
The current is increasing, remaining above average is indicative of momentum.
Overall, in my opinion, FILUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
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