ONEUSDT .618 Fibonacci| Prince Action| Trend

17 בפבר׳ 2022

Evening Traders,

Today’s analysis – ONEUSDT – trading at a key location where a bounce is probable,

Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Local OB Support
- Low Volume

ONEUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias.

The current volume is below average, an influx is highly imminent on the next expansion.

Holding this support is key for a bounce to upside resistance, failure will be indicative of weakness.

Overall, in my opinion, ONEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager