OCEANUSDT Bullish MS| Local Resistance| Higher Low| Liquidity

2023年2月6日

Evening Traders,

Today’s analysis – OCEANUSDT- trading at a local resistance where a rejection is plausible,

Points to consider,
- Price Action Impulsive
- Local Psfp Resistance
- Daily S/R Resistance
- Dynamic S/R Support
- .618 Fibonacci Support
- Local VAH Support

OCEANUSDT’s immediate price action is impulsive, putting a local high here will increase the probability of price action correcting for a higher low.

The local POI will be the Dynamic S/R Support that is in confluence with the Psfp, VAH and .618 Fibonacci, allowing for a bullish bias.

Overall, price action needs to retrace for this trade to become probable, discretion is to be used upon execution/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,