Let's be honest. Crypto is a playground. Here are the basics;
Option 1 is the upward arrow
Option 2 is the downward arrow.
Green is support
Red is resistance (double top, aka hard rejection)
Option 1: Bouncing up from the rising support is the signal to buy (TP1 at end of arrow, TP2 at top RED line)
Option 2: Breaking below the rising support is the signal to sell (TP at bottom horizontal GREEN line)
Of course, watch for the false break out and always wait for confirmation of the signal in accordance with your own rules and risk strategies.
Good luck and if you follow me, stay tuned for my new exciting project which will be revealed within the week.
Option 1 is the upward arrow
Option 2 is the downward arrow.
Green is support
Red is resistance (double top, aka hard rejection)
Option 1: Bouncing up from the rising support is the signal to buy (TP1 at end of arrow, TP2 at top RED line)
Option 2: Breaking below the rising support is the signal to sell (TP at bottom horizontal GREEN line)
Of course, watch for the false break out and always wait for confirmation of the signal in accordance with your own rules and risk strategies.
Good luck and if you follow me, stay tuned for my new exciting project which will be revealed within the week.
Note
We have approached the rising support. A bounce here is a good place to re-buy or add to your existing longs.A break down indicates a sell.
renforex.com
Note
Long still going strong.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.