FETUSDT Local S/R| Dynamic S/R| Price Action| Trend

Evening Traders,

Today’s analysis – FETUSDT – trading above its local S/R where continuation is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Dynamic S/R Support
- 1.618 Fibonacci Objective

FETUSDT’s immediate price action is impulsive, treading above its local S/R where a retest and a hold will allow for a bullish bias.

The Dynamic S/R has been holding as support, allowing for a higher low projection.

The current objective is the 1.618 Fibonacci Extension, exceeding this level will lead to a bullish continuation.

Overall, in my opinion, FETUSDT 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,

“The lower your body gets the higher your jump will be.”
― Noor Alasadi