DOTUSDT Range VAL| .618 Fib| Psfp| Price Action Evening Traders,
Today’s analysis – DOTUSDT- rejection of from a key level and is now rotating towards the lows,
Points to consider,
- Price action impulsive
- POC S/R Support
- .618 Fiboancci Support
- Range VAL Support
DOTUSDT’s immediate price action is trading towards an area that has technical confluence with the .618 Fiboancci, VAL and the POC region, this allows for a bullish bias.
Holding support at the technical level will allow for a bounce back towards the range high,
Overall, in my opinion, DOTUSDT is a valid long with defines risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
