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Today’s report will include:
Updated Technical Analysis
Other key market developments
Market Psychology
Trading Tools
CHILLGUYTUSDT Long Trade 📈
In Today’s analysis -CHILLGUYUSDT- Trading outside of this current channel, a reclaim will confirm a deviation, entry trigger yet to be given.
Points to consider ✍
Point of Control Resistance
Channel Low S/R Support
.618 Fibonacci Support
Range High Target
pSFP Entry Model
CHILLGUYUSDT deviation has not been confirmed, taking the last low out will generate liquidity for a break back within the channel = this will confirm a Failed Auction.
The .618 Fibonacci is trading below the last low, a quick test of this region with a wick close will signify the presence of strength.
Overall, from Bitcoin Insider’s perspective, CHILLGUYUSDT is a valid long with defined risk, price action it to be used upon discretion/ management in accordance with the pSFP Entry Model. ✍
Hope this analysis helps.
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X Segment 📰 🗞
Trading Psychology 🧠
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