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

Evening Traders,

Today’s analysis – FILUSDT – trading above a key level where finding support will be bullish ,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- (.618 Fibonacci Confluence )
- Increasing Volume

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 volume profile 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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