TLMUSDT Daily S/R| Price Action| .618 Fibonacci| Trend
Evening Traders,
Today’s analysis – TLMUSDT – trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
.618 Fibonacci Confluence
- Volume Climaxes
- RSI Bullish Control Zone
TLMUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, allowing for a bullish bias.
The volume current has climatic nodes, indicating a temporary bottom thus a reversal is probable.
The RSI remaining in its bullish control zone is indicative of strength, this is important for price action to reverse.
Overall, in my opinion, TLMUSDT 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,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Today’s analysis – TLMUSDT – trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
.618 Fibonacci Confluence
- Volume Climaxes
- RSI Bullish Control Zone
TLMUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, allowing for a bullish bias.
The volume current has climatic nodes, indicating a temporary bottom thus a reversal is probable.
The RSI remaining in its bullish control zone is indicative of strength, this is important for price action to reverse.
Overall, in my opinion, TLMUSDT 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,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
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