AzizKhanZamani

IOSTUSDT Local S/R| Swing High| Trend| Price Action

Long
BINANCE:IOSTUSDT   IOST / TetherUS
Evening Traders,

Today’s analysis – IOSTUSDT – trading above it Local S/R where an impulse is probable,

Points to consider,

- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Increasing Volume

IOSTUSDT’s immediate price action is impulsive, trading above a key location, allowing for a bullish bias.

The Swing High is the immediate objective, exceeding this level increases the probability of a trend continuation.

The current volume profile is on an increase, follow through is critical for a continued momentum.

Overall, in my opinion, IOSTUSDT 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,

“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee

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