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We need to see if it can rise along the uptrend line (1).
You need to make sure you get support at 168.280.
If it can rise above the M-Signal line on the 1W chart, further gains are expected.
Breaking off the downtrend line (4), if it could rise above the 193.680 point, it is expected that the upside would begin to rise above the 280.450 point.
If you fall at the uptrend line (1) or at 160.820, you need a Stop Loss to preserve profit or loss.
However, if the price is maintained above the downtrend line (3), a rebound may occur, so careful trading is necessary.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if it can rise along the uptrend line (1).
You need to make sure you get support at 168.280.
If it can rise above the M-Signal line on the 1W chart, further gains are expected.
Breaking off the downtrend line (4), if it could rise above the 193.680 point, it is expected that the upside would begin to rise above the 280.450 point.
If you fall at the uptrend line (1) or at 160.820, you need a Stop Loss to preserve profit or loss.
However, if the price is maintained above the downtrend line (3), a rebound may occur, so careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
