GRTUSDT Key High| .618 Fibonacci| Int-Daily S/R| Psfp
Evening Traders,
Today’s analysis – GRTUSDT – trading at an area of resistance where a high timeframe pivot is likely to occur,
Points to consider,
- Price action corrective
- Key Psfp intact
- .618 Fiboancci Confluence
- Lower Monthly Objective
GRTUSDT’s immediate price action is corrective and is trading towards an area that has multiuple technical confleunces, this allows for a bearish bias.
The key Psfp level remains intact, suggesting liquidity resting, testing this rea will lead right into the .618 Fiboancci, there is where a rejection is plausible.
It is important that one uses price action upon discretion/ management when executing this trade, invalidation is candle closes above the .618 Fibonacci.
Hope this analysis helps,
Thank you for following my work
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse
Today’s analysis – GRTUSDT – trading at an area of resistance where a high timeframe pivot is likely to occur,
Points to consider,
- Price action corrective
- Key Psfp intact
- .618 Fiboancci Confluence
- Lower Monthly Objective
GRTUSDT’s immediate price action is corrective and is trading towards an area that has multiuple technical confleunces, this allows for a bearish bias.
The key Psfp level remains intact, suggesting liquidity resting, testing this rea will lead right into the .618 Fiboancci, there is where a rejection is plausible.
It is important that one uses price action upon discretion/ management when executing this trade, invalidation is candle closes above the .618 Fibonacci.
Hope this analysis helps,
Thank you for following my work
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse