SUSHIUSDT Daily S/R| .618 Fibonacci| Price Action| Trend

Evening Traders, '

Today’s analysis – SUSHIUSDT- trading towards a key resistance zone where a rejection is possible

Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- .618 Fibaoncci Resistance
- Previous Consolidation Zone

SUSHIUSDT’s immediate price action is trading towards a key resistance zone that is in confluence with the .618 Fibaoncci and two Daily S/R levels, this allows for a bearish bias.

A change in market structure will be needs to confirm a trend reversals, this needs to occur at the previous consolidation zone.

The immediate objective of this trade is the lower Weekly S/R

It is important that one uses price action upon discretion/ management of this trade, invalidation is multiple candle closes above the last Daily S/R resistance.

Thank you for following my work

And remember,

“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager