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We have to see if we can rise above the 6.199 point for support.
It remains to be seen if the rise to renew the New High can begin in line with the rising BTC price.
If it falls at 5.984, it is a short-term Stop Loss.
If it falls at the 5.372 point, a Stop Loss is needed to preserve profit and loss.
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** All indicators are lagging indicators.
So, it's important to know 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 have to see if we can rise above the 6.199 point for support.
It remains to be seen if the rise to renew the New High can begin in line with the rising BTC price.
If it falls at 5.984, it is a short-term Stop Loss.
If it falls at the 5.372 point, a Stop Loss is needed to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know 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.)
Comment:
(OKBUSDT 1W chart)
We'll see if we can rise above 7.551 points to renew the New High.
Comment:
(OKBUSDT 1W chart)
New High was updated by touching more than 7.551 points.
We have to get support at 7.551 and see if we can create a new wave.
We have to get support at 7.551 and see if we can create a new wave.
Comment:
(OKBUSDT 1D chart)
If you get support at the 6.639 point, you can expect further gains.
We'll have to climb over 7.551 points and see if we can renew New High again.
If it falls at 6.639, it is a short-term stop loss.
However, if the BTC price does not drop sharply, it is a good buy opportunity, so careful trading is necessary.
We'll have to climb over 7.551 points and see if we can renew New High again.
If it falls at 6.639, it is a short-term stop loss.
However, if the BTC price does not drop sharply, it is a good buy opportunity, so careful trading is necessary.
[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/
