OCEANUSDT Bullish MS| Local Resistance| Higher Low| Liquidity
Evening Traders,
Today’s analysis – OCEANUSDT- trading at a local resistance where a rejection is plausible,
Points to consider,
- Price Action Impulsive
- Local Psfp Resistance
- Daily S/R Resistance
- Dynamic S/R Support
- .618 Fibonacci Support
- Local VAH Support
OCEANUSDT’s immediate price action is impulsive, putting a local high here will increase the probability of price action correcting for a higher low.
The local POI will be the Dynamic S/R Support that is in confluence with the Psfp, VAH and .618 Fibonacci, allowing for a bullish bias.
Overall, price action needs to retrace for this trade to become probable, discretion is to be used upon execution/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
Today’s analysis – OCEANUSDT- trading at a local resistance where a rejection is plausible,
Points to consider,
- Price Action Impulsive
- Local Psfp Resistance
- Daily S/R Resistance
- Dynamic S/R Support
- .618 Fibonacci Support
- Local VAH Support
OCEANUSDT’s immediate price action is impulsive, putting a local high here will increase the probability of price action correcting for a higher low.
The local POI will be the Dynamic S/R Support that is in confluence with the Psfp, VAH and .618 Fibonacci, allowing for a bullish bias.
Overall, price action needs to retrace for this trade to become probable, discretion is to be used upon execution/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,