Short
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
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.