Evening Traders,

Today’s analysis – BANDUSDT- trading below its Daily S/R where a rejection is probable to the downside,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Resistance
- Pivot Confluence

BANDYSDT’s immediate price action is trading below local resistance that has technical confluence.

The confluence consists of the Daily S/R Resistance, VWAP S/R Resistance, Pivot Resistance, allowing for a short bias.

The immediate objective is the Local S/R, testing this level and holding it is critical for the market structure.

Overall, in my opinion, BANDUSDT 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,

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K