SNXUSDT Daily S/R| 200 MA|.618 Fibonacci|Price Action|Bull Trend
Evening Traders,
Today’s analysis – SNXUSDT- trading above key levels with consecutive higher lows and higher highs,
Points to consider,
- Price Action Bullish
- Daily S/R Support
- Higher Low Entries
(.50 Fibonacci & Local S/R)
- Oscillators Bullish Control
- Declining Volume
SNXUSDT’s immediate price action is bullish, a higher low projection allows for bottom fishing entries.
Aggressive entries are considered at Daily S/R Zone where more conservative entries will be at Local S/R. Price Action has a high probability of respecting these trade locations.
Both oscillators are trading in bullish control zones, remaining in these regions is indicative of strength.
The immediate volume is declining which is indicative of an influx, especially when testing key trade locations.
Overall, in my opinion, SNXUSDT 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.
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
Today’s analysis – SNXUSDT- trading above key levels with consecutive higher lows and higher highs,
Points to consider,
- Price Action Bullish
- Daily S/R Support
- Higher Low Entries
(.50 Fibonacci & Local S/R)
- Oscillators Bullish Control
- Declining Volume
SNXUSDT’s immediate price action is bullish, a higher low projection allows for bottom fishing entries.
Aggressive entries are considered at Daily S/R Zone where more conservative entries will be at Local S/R. Price Action has a high probability of respecting these trade locations.
Both oscillators are trading in bullish control zones, remaining in these regions is indicative of strength.
The immediate volume is declining which is indicative of an influx, especially when testing key trade locations.
Overall, in my opinion, SNXUSDT 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.
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee