MATICUSDT Daily S/R| Psfp| .618| Price Action
Evening Traders,
Today’s analysis – MATICUSDT- rejecting from a key level, a bearish retest will allow for a short,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- .618 Fibaoncci Confluence
- Rotataional Range
MATICUSDT’s immediate price action is trading at an area of resistance that has technical confluence with the .618 Fibonacci and Daily S/R, allowing for a bearish bias.
Price action breaking the current local order block will increase the probability of a deeper pullback.
The immediate objective is the lower Daily S/R support, how price action reacts here will dictate the overall trend.
Overall, ub my opening, MATICUSDT is a valid short with defined risk, price action is to be used upon discrtrtion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s analysis – MATICUSDT- rejecting from a key level, a bearish retest will allow for a short,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- .618 Fibaoncci Confluence
- Rotataional Range
MATICUSDT’s immediate price action is trading at an area of resistance that has technical confluence with the .618 Fibonacci and Daily S/R, allowing for a bearish bias.
Price action breaking the current local order block will increase the probability of a deeper pullback.
The immediate objective is the lower Daily S/R support, how price action reacts here will dictate the overall trend.
Overall, ub my opening, MATICUSDT is a valid short with defined risk, price action is to be used upon discrtrtion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone