DEFIUSDTPERS Local S/R| Daily S/R| Price Action

8 Jul 2021

Evening Traders,

Today’s analysis – DEFIUSDTPERPS – Treading below its Daily S/R with further downside probable,

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

DEFIUSDT’s immediate price action is trading below a key technical level that needs proving resistance.

The Local S/R is current support, holding this level is critical for support, failure will increase further downside.

The current volume profile is below average, an influx is highly imminent when testing key trade locations.

Overall, in my opinion, DEFIUSDT remains short until the Daily S/R is breached

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,