💡 @fogo
Supply and demand trading consists of
placing your orders based on areas where the
price tends to revert due to various
factors. It is almost like support and
resistance, but broader and usually
supported by fundamental factors.
⚡️$FOGO Generally, the price reacts strongly to supply and demand areas,
which indicates significant buying or selling interest.
✔️ But, how do you know when to enter? That's what it's about. Look for a drop movement based on the rally (rally-base-drop) or other similar variations. The price tends to retest the base before heading towards the rally.
✏️ #fogo These areas allow traders
employ a favorable risk approach-
of profit in your trades. You can set
a buy limit order before
for the price to hit the base, and the candlestick will make the
it works for you. Keep in mind that the stop loss
you should usually position yourself near the zone
is at the demand zone and below the supply zone.
