FTTUSDT Local S/R| Swing High| VWAP S/R| Price Action
Evening Traders,
Today’s analysis – FTTUSDT – trading above its Local S/R approaching swing high,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining volume
FTTUSDT’s immediate price action is impulsive, above its Local S/R that has had technical confluence with the .618 Fibonacci – allowing for a long bias.
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
Current volume profile is on a decline, this is indicative of an impulse coming to fruition when an expansion occurs.
Overall; in my opinion, FTTUSDT 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,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Today’s analysis – FTTUSDT – trading above its Local S/R approaching swing high,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Declining volume
FTTUSDT’s immediate price action is impulsive, above its Local S/R that has had technical confluence with the .618 Fibonacci – allowing for a long bias.
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
Current volume profile is on a decline, this is indicative of an impulse coming to fruition when an expansion occurs.
Overall; in my opinion, FTTUSDT 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,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.