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Dear traders, nice to meet you.
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Above the 0.15654316 point, we have to see if we can climb along the uptrend line (2).
I think we have to keep the price above the 0.08089452 point in order to create a new wave.
However, if you make too many declines, you may have difficulty defending the price, so I think it's a good idea to climb along the uptrend line (3).
Below the 0.06260065 point is the section that forms the floor.
We believe that the 0.08089452 point or less is a mid- to long-term investment area.
So, if you go down at 0.08089452, you need Stop Loss to preserve your profit and loss.
If support is shown in the newly formed support section of 0.11862195-0.12588821, it is expected to see the rise of 0.24042802 points in a shorter period.
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(Binance XLMUSDT 1D Chart)
It fell after failing to break above the downtrend lines (4) and (3).
We have to see if we can quickly ascend above 0.15973 points.
If it falls, you need to see if it can rise along the uptrend line (1).
It has risen above the 0.07450 point and rises from the bottom.
I think it has moved out of the mid- to long-term investment area, rising above 0.10896 points.
Therefore, if it falls at 0.10896, Stop Loss is necessary to preserve profit and loss.
However, careful trading is necessary as it can gain support and climb in the 0.07450-0.10896 range.
I think it is good to keep the price at 0.10896 in order for the wave to create a new wave to continue.
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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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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.
-------------------------------------------------- -----
Above the 0.15654316 point, we have to see if we can climb along the uptrend line (2).
I think we have to keep the price above the 0.08089452 point in order to create a new wave.
However, if you make too many declines, you may have difficulty defending the price, so I think it's a good idea to climb along the uptrend line (3).
Below the 0.06260065 point is the section that forms the floor.
We believe that the 0.08089452 point or less is a mid- to long-term investment area.
So, if you go down at 0.08089452, you need Stop Loss to preserve your profit and loss.
If support is shown in the newly formed support section of 0.11862195-0.12588821, it is expected to see the rise of 0.24042802 points in a shorter period.
-------------------------------------------------- -----
(Binance XLMUSDT 1D Chart)
We have to see if we can quickly ascend above 0.15973 points.
If it falls, you need to see if it can rise along the uptrend line (1).
It has risen above the 0.07450 point and rises from the bottom.
I think it has moved out of the mid- to long-term investment area, rising above 0.10896 points.
Therefore, if it falls at 0.10896, Stop Loss is necessary to preserve profit and loss.
However, careful trading is necessary as it can gain support and climb in the 0.07450-0.10896 range.
I think it is good to keep the price at 0.10896 in order for the wave to create a new wave to continue.
-------------------------------------------------- -------------------------------------------
** 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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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/
