LUNAUSDT Resistance| Price Action Levels| RSI POC
Evening traders,
Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Resistance
- Daily S/R Objective
- Increasing Volume
LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The volume is on a steady increase, this needs to continue for an impulse break from resistance.
Overall, in my opinion, GALAUSDT 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,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci Resistance
- Daily S/R Objective
- Increasing Volume
LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias.
The Daily S/R is the current objective, exceeding this level will lead to a trend continuation.
The volume is on a steady increase, this needs to continue for an impulse break from resistance.
Overall, in my opinion, GALAUSDT 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,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig