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!
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And remember,
“In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee,