LINAUSDT Daily S/R| 200 MA S/R| Swing High| Price Action
Evening Traders,
Today’s analysis – LINAUSDT – trading above its Daily S/R, where a respect will be highly bullish,
Points to consider,
Price Action Impulsive
- Daily S/R Support
- (200 MA Confluence)
- Oscillators Extended
- Swing High Objective
LINAUSDT’s immediate price action is impulsive, at a true trade location that is in confluence with the Daily S/R and the 200 MA S/R – allowing for a bullish bias.
Both oscillators are trading on oversold conditions; a reversion to their means will show strength and momentum.
The Swing High is the objective; price action exceeding this level increases the probability of a continuation.
Overall, in my opinion, LINAUSDT 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,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones
Today’s analysis – LINAUSDT – trading above its Daily S/R, where a respect will be highly bullish,
Points to consider,
Price Action Impulsive
- Daily S/R Support
- (200 MA Confluence)
- Oscillators Extended
- Swing High Objective
LINAUSDT’s immediate price action is impulsive, at a true trade location that is in confluence with the Daily S/R and the 200 MA S/R – allowing for a bullish bias.
Both oscillators are trading on oversold conditions; a reversion to their means will show strength and momentum.
The Swing High is the objective; price action exceeding this level increases the probability of a continuation.
Overall, in my opinion, LINAUSDT 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,
“Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your butt.” – Paul Tudor Jones