SXPUSDT Daily S/R| Local S/R| Price Action| Trend
Evening Traders,
Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume
SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.
The Local S/R us current support, holding this level is critical for the range low support.
Current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, SXPUSDT is a valid short with defined risk, Price Action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
Today’s analysis – SXPUSDT- trading at a key region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Local S/R Support
- Low Volume
SXPUSDT’s immediate price action is impulsive, trading towards a daily resistance with lower highs, allowing for a short bias.
The Local S/R us current support, holding this level is critical for the range low support.
Current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, SXPUSDT is a valid short with defined risk, Price Action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
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.