From experience: ๐งง๐งง
Turn 25 $ into 25,000 $ in less than 180 days using this method๐๐ป
Candlestick chart ๐
is the best chart that 90% of pros use,๐
because it combines price, time, and momentum, giving you 4 key readings for each candle (open, close, high, low) ๐ฏ๏ธ
The crazy fast trader uses it on a 1-minute - 5 minutes - 15 minutes timeframe ๐๐ฅ
The steady fast trader uses it on a 5 minutes - 15 minutes - 1 hour timeframe โ๏ธโ
The calm long-term trader uses it on a 1 hour - 4 hours - 1 day - 1 week timeframe ๐งโโ๏ธ๐ญ
You must keep an eye on the trading volume
because the pro watches the volume to see where smart money (whales) are entering ๐๐
Support is the point where the price drops and has difficulty breaking below.
If the price breaks down through support, it will drop further
(Support is a demand zone) ๐ก๏ธ๐
Resistance is the point where the price rises and struggles to break above; if the price breaks it, it will rise further (Resistance is a supply zone) ๐งฑ๐ฐ
Markets donโt move in a straight line
sometimes resistance gets broken and the price shoots up
and sometimes support gets broken and the price drops โก๐ข
Pro tip:
Donโt draw support and resistance as precise lines, but draw them as price zones because whales often perform false breakouts of the lines to hunt for Stop Loss before launching in the true direction. ๐ฏ๐ฆ
Turn 25 $ into 25,000 $ in less than 180 days using this method๐๐ป
Candlestick chart ๐
is the best chart that 90% of pros use,๐
because it combines price, time, and momentum, giving you 4 key readings for each candle (open, close, high, low) ๐ฏ๏ธ
The crazy fast trader uses it on a 1-minute - 5 minutes - 15 minutes timeframe ๐๐ฅ
The steady fast trader uses it on a 5 minutes - 15 minutes - 1 hour timeframe โ๏ธโ
The calm long-term trader uses it on a 1 hour - 4 hours - 1 day - 1 week timeframe ๐งโโ๏ธ๐ญ
You must keep an eye on the trading volume
because the pro watches the volume to see where smart money (whales) are entering ๐๐
Support is the point where the price drops and has difficulty breaking below.
If the price breaks down through support, it will drop further
(Support is a demand zone) ๐ก๏ธ๐
Resistance is the point where the price rises and struggles to break above; if the price breaks it, it will rise further (Resistance is a supply zone) ๐งฑ๐ฐ
Markets donโt move in a straight line
sometimes resistance gets broken and the price shoots up
and sometimes support gets broken and the price drops โก๐ข
Pro tip:
Donโt draw support and resistance as precise lines, but draw them as price zones because whales often perform false breakouts of the lines to hunt for Stop Loss before launching in the true direction. ๐ฏ๐ฆ
