Long
CELRBTC Local S/R| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – CELRBTC – trading at a key technical location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Low Volume
CELRBTC’s immediate price action is corrective, trading at a technical confluence location with the .618 Fibonacci and the Local S/R, allowing for a long bias.
The Swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
The current volume profile is on a decline, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, CELRBTC is a valid long with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Today’s analysis – CELRBTC – trading at a key technical location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Low Volume
CELRBTC’s immediate price action is corrective, trading at a technical confluence location with the .618 Fibonacci and the Local S/R, allowing for a long bias.
The Swing high is the immediate objective, exceeding this level increases the probability of a trend continuation.
The current volume profile is on a decline, an influx is highly imminent when an expansion occurs.
Overall, in my opinion, CELRBTC is a valid long with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
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Unlock Blofin Bonuses
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.