RSRUSDT Local S/R| Swing High| Price Action| Volume
Evening Traders,
Today’s analysis – RSRUSDT- trading above a key Local S/R where further upside is probable,
- Points to consider,
- Price action impulsive
- Local S/R support
- Swing High Objective
- Volume Influx
RSRUSDT’s immediate price action is impulsive, trading above a key trade location, the Local S/R Zone, allowing for a bullish bias.
The Swing High is the current objective, exceeding this level will lead to a trend continuation.
There has been a volume influx, this is indicative of a true break, volume follow through is required to suction momentum.
Overall, in my opinion, RSRUSDT 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Today’s analysis – RSRUSDT- trading above a key Local S/R where further upside is probable,
- Points to consider,
- Price action impulsive
- Local S/R support
- Swing High Objective
- Volume Influx
RSRUSDT’s immediate price action is impulsive, trading above a key trade location, the Local S/R Zone, allowing for a bullish bias.
The Swing High is the current objective, exceeding this level will lead to a trend continuation.
There has been a volume influx, this is indicative of a true break, volume follow through is required to suction momentum.
Overall, in my opinion, RSRUSDT 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 goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder