SANDUSDT Int Daily S/R| Psfp| .618 Fibonacci| Price Action

16 בפבר׳ 2023

Evening Traders,

Today’s analysis – SANDUSDT- trading towards a key resistance area where a rejection is plausible,

Points to consider,
- Price action impulsive
- Int-Daily S/R Resistance
- .618 Fibonacci Resistance
- Deviation

SANUSDT’s immediate price actin is trading towards a key region where there is resistance confluence with the int-Daily S/R and the .618 Fibonacci, this allows for a bearish bias.

Price action trading around the resistance will increase the probability of a potential deviation.

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

Hope this analysis helps,

Thank you for following my work

And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler