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It declined without crossing the downtrend line (7), and fell below the uptrend line (5).
It remains to be seen if it will gain support at the uptrend line (3) and move upwards and get off the downtrend line (6) to get the expectation of a turnaround.
You need to make sure you can get the support at the critical point, 0.02608.
If you sideways between 0.02608-0.02730, I think there is a possibility of volatility around October 13.
Before that, we must see if any attempts are made to break the downtrend line (7).
We also have to see if we can break through the 0.03036-0.03105 segment.
If it falls from the uptrend line (3), it is a short-term Stop Loss.
If it falls below the 0.02295 point, I think it is necessary to trade to preserve the profit and loss.
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I think it is the period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.
About October 28, when maximum volatility is expected to occur, is about a month left.
The most important thing is to generate revenue, so I think it's time to trade to earn money.
** 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 must 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.
-------------------------------------------------- -----
It declined without crossing the downtrend line (7), and fell below the uptrend line (5).
It remains to be seen if it will gain support at the uptrend line (3) and move upwards and get off the downtrend line (6) to get the expectation of a turnaround.
You need to make sure you can get the support at the critical point, 0.02608.
If you sideways between 0.02608-0.02730, I think there is a possibility of volatility around October 13.
Before that, we must see if any attempts are made to break the downtrend line (7).
We also have to see if we can break through the 0.03036-0.03105 segment.
If it falls from the uptrend line (3), it is a short-term Stop Loss.
If it falls below the 0.02295 point, I think it is necessary to trade to preserve the profit and loss.
-------------------------------------------------- -------------------------------------------
I think it is the period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.
About October 28, when maximum volatility is expected to occur, is about a month left.
The most important thing is to generate revenue, so I think it's time to trade to earn money.
** 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 must 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/
(TRXUSDT 1W chart)
(TRXUSDT 1D chart)
Critical point: 0.02768
Support point: 0.02194