Description
⋅ Evening Traders,
Today’s analysis – OGNUSDT – trading above range high where a bullish impulsive is probable,
Points to consider,
- Price Action Impulsive
- Range High Support
- Swing High Objective
- RSI Extended
OGNUSDT’s immediate price action is impulsive, trading above a key trade location it must be held for a bullish bias.
The RSI is currently over-extended, a reversion to its mean is highly likely from oversold conditions.
The Swing High is the immediate objective, exceeding this level is indicative of a trend continuation,
Overall, in my opinion, OGNUSDT 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,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee