$BEAT The end of the world strategy. Can you understand this simple logic??
I think for newcomers entering trading, this is the most basic trading idea.
Simply put, it means to go long at the support level.
At this position: look at the 4-hour or daily chart. Is it the support level of the main bullish trend? If it drops to this position this time, unless it is directly smashed by the market maker, it will definitely bounce back.
Since it hasn't directly broken down, and a rebound candle appears at this position, it indicates there is support. With support, it will inevitably attract many long positions to enter.
Looking for a small rebound is not a problem.
As for whether it will rise again, currently, based on the market and data, the certainty is not high. Each previous drop has always bounced back to this trend line.
