TRBUSDT Daily S/R| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – TRBUSDT – trading above its Daily S/R where continuation is probable,
Points to consider,
- Price Action corrective
- Daily S/R Support
- Swing High Objective
- Low Volume 200 MA
TRBUSDT’s immediate price action is corrective, trading at a key daily level that has technical confluence with the .618 fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
Current volume profile is below average, an influx is imminent when an expansion occurs.
Overall, in my opinion, TRBUSDT 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 hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
Jack Schwager – Author of Market Wizards
Today’s analysis – TRBUSDT – trading above its Daily S/R where continuation is probable,
Points to consider,
- Price Action corrective
- Daily S/R Support
- Swing High Objective
- Low Volume 200 MA
TRBUSDT’s immediate price action is corrective, trading at a key daily level that has technical confluence with the .618 fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
Current volume profile is below average, an influx is imminent when an expansion occurs.
Overall, in my opinion, TRBUSDT 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 hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
Jack Schwager – Author of Market Wizards