👉 In general range is a price corridor. When the traders is said the price has entered the range - this means it is moving in the corridor. From the resistance level at which the trading instrument is sold, to the support level where it is bought, then vice versa.
⏳ The price can move for a rather long time until the range ends and the price goes beyond the trading corridor. In range trader clearly sees where he needs to sell and where to buy.
🛑 It is also very clearly visible where you can put a stop loss. And this is very important for me. The main thing is that the width of the corridor itself should be larger. Then there is the opportunity to make good money. And when the price goes out of the corridor I will make stop loss, but I won’t lose much.
🔀 In current range Ethereum have inside range, Top range in 225-254 and Middle range in 235-247.
🦸♂️ For me personally I like to trade swings and trendy moves. So I will wait for next opportunity of swing long or short.
👩🚀 I think if you consider yourself a scalper, then trading ranges will suit you.
Thanks for your support for this idea, stay safe, this is Artem Crypto