ANKRUSDT Daily S/R| Local S/R| Price Action| Trend

Evening Traders,

Today’s analysis – ANKRUSDT – trading at a key Daily S/R where a bullish deviation is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Objective
- Low Volume
- Oscillators Neutral

ANKRUSDT’s immediate price action is impulsive, holding a key Daily S/R, allowing for a bullish bias.

The immediate objective is taking out the Local S/R, taking this level will increase the probability of testing the swing high.

Current Volume Profile is on a decline, an impulse is highly imminent when an expansion occurs.

Both oscillators are trading neutral, penetrating their bullish control zones will be indicative of strength.

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

Hope this analysis helps

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And remember,

“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Chart PatternsTechnical IndicatorsLONGpriceactionRelative Strength Index (RSI)shortstochsaticssupportSupport and ResistancetrendTrend Analysis

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