ONEUSDT Daily S/R| Range High| Price Action| Trend

Evening Traders,

Today’s analysis – ONEUSDT- trading at a key trade location where a reversal is probable,

Points to consider,

- Price Action Corrective
- Daily S/R Resistance
- Single Print Fill
- Local OB
- .618 Fibonacci Support

ONEUSDT’s immediate price action is corrective and is trading at a key location that has technical confluence with the Daily S/R and Single Print, allowing for a bearish bias.

The immediate objective is the Local B, exceeding this level will lead to a bearish trend continuation.

Price action is currently range bunce, accumulation is imminent before the next expansion.

Overall, in my opinion, NEUSDT 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,

“You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader