ALPHAUSDT Daily S/R| .618 Fibonacci| Price Action| Trend

Evening Traders,

Today’s analysis – ALPHAUSDT- trading above its Daily S/R that has strong technical confluence,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci and POC S/R Support)
- Oscillators Neutral
- Daily S/R objective

ALPHAUSDT’s immediate price action is trading above its Daily S/R that is in confluence with the .618 Fibonacci and POC S/R support, this allows for a bullish bias.

The oscillators are current trading neutral, trading and remaining in their respective bullish control zones is indicative of strength.

Current Daily S/R is the objective, exceeding this level will increase the probability of a bullish continuation.

Overall, in my opinion, ALPHUSDT 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,

“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee