readCrypto

Only a short-term response is currently required

readCrypto Mod Updated   
GATEIO:WEMIXUSDT   WEMIX/Tether
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The 0.5611-1.2728 zone does not yet have any support or resistance points formed.

Therefore, the key question is whether the price can sustain the current level above 0.5611.

In the meantime, you need to see if you can break out of the downtrend line.

If the price breaks out of the downtrend line and holds the price above 0.5611, it is likely to lead further upside.

However, until it is listed again on the Korean exchange or listed on Binance, it is still necessary to continue trading with a short-term perspective.

In other words, it is necessary to increase the number of coins corresponding to profit and lower the average purchase price.

At the same time, we need a strategy to sell in the bull market next year by extending the investment period in the mid- to long-term.


It is expected that there will be at least 1-2 mini-bull markets this year, and at this time, there is a possibility that the price of BTC will not fall too much, so we should also think about this and create a trading strategy.


The current rise of the coin market is a movement to switch from a new trend (downtrend → sideways) to a new trend (sideways → uptrend), and when this rise ends, I need to start mid- to long-term and long-term investments for next year. My mid- to long-term and long-term Perspective.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comment:
As it rises above 1.8870, it can be seen as breaking out of the bottom.

Therefore, it is important to find support around 1.5841-1.8870 and be able to rise.

If not, you should check for support around 1.1503.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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