Before buying in a declining market, it is better to wait for the early signs that the market will start to rise. Some of the early signs we can use are:
1. The occurrence of a line breakout trend
2. The occurrence of a breakout in the resistance (nearest)
After the breakout of the price going up, do not fomo, we should wait for the price to fall again (retest) in the entry zone area.
Don't forget to put SL. It is important to avoid large losses if the setup does not work. Take a lesson from the case of luna.
*Remember!!! The price has the potential to fall further if the trendline does not breakout ..
*If the price wants to go up, it will definitely breakout the trendline
*Basic Technical Analysis.
*Just sharing.
*TAYOR
1. The occurrence of a line breakout trend
2. The occurrence of a breakout in the resistance (nearest)
After the breakout of the price going up, do not fomo, we should wait for the price to fall again (retest) in the entry zone area.
Don't forget to put SL. It is important to avoid large losses if the setup does not work. Take a lesson from the case of luna.
*Remember!!! The price has the potential to fall further if the trendline does not breakout ..
*If the price wants to go up, it will definitely breakout the trendline
*Basic Technical Analysis.
*Just sharing.
*TAYOR
Comment:
still waiting at entry level
Comment:
price trigger entry level and now near to SL level...just wait and see..time will tell