Today, I'd like to share with everyone a simple way I enter trades.
Example: For a SHORT order on $POWER like in the image above First, draw Fibonacci from the recent high to the low on the H1 timeframe.
Wait for the price to pull back to the 0.79 and 0.705 zones, then switch to the 15M timeframe to check RSI.
If it exceeds the 70 threshold, immediately set up a SHORT order with the SL slightly above the 1 region of the Fibonacci, and the potential TP target heading towards the -0.62 region of the Fibonacci.
This is my simple way to set up a SHORT order. For LONG orders, it's similar but reversed. Wishing everyone successful trading. If you find this helpful, please follow me! TKs 😸
POWERUSDT
Perp
0.37165
+38.95%