SFPUSDT Local S/R| 200 MA| Price Action| Trend Evening Traders,
Today’s Analysis – SFPUSDT – trading with a potential trend trade if current support holds.
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Low Volume
SFPUSDT’s immediate price action is corrective and is trading at a trade location that has technical confluence with the current 200 MA, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a trade location.
Overall, in my opinion, SFPUSDT 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 big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
