GAINERSPACK
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Ανατιμητική
THIS RULE OF THUMB MIGHT SAVE YOUR TRADING CAREER TODAY!
If you're new to the cryptocurrency market and haven't noticed this 1 rule of thumb. Let's discuss this.
There are many traders who get trapped by the misconception that no one else will think of buying low and selling high on a day-to-day basis. Hence, most would trade on a minute or hourly basis. This is not wrong or it's not a bad idea. Although, the things that could go wrong with these kind of setups is overtrading. Those who trade without checking the days high and low will most likely fall into the trap of trading more than 20 times a day which is not normal for an individual newbie trader. Thus, to make it easier for newbies to understand. We can refer the realistic approach of daily high and low with this rule of thumb. Always remember, by 11 AM EST there are instances when the market reverses. Mostly when the market is stable the volatility will be lesser since it will just a movement from daily high and low. So every time the market reverses by 11 AM EST, the tendency is, it will continue to do this until the next 11 AM EST. If not, then expect no reversal for that day. Hence, it's best to check the daily high and low to understand the zones where it would be best to enter.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
If you're new to the cryptocurrency market and haven't noticed this 1 rule of thumb. Let's discuss this.
There are many traders who get trapped by the misconception that no one else will think of buying low and selling high on a day-to-day basis. Hence, most would trade on a minute or hourly basis. This is not wrong or it's not a bad idea. Although, the things that could go wrong with these kind of setups is overtrading. Those who trade without checking the days high and low will most likely fall into the trap of trading more than 20 times a day which is not normal for an individual newbie trader. Thus, to make it easier for newbies to understand. We can refer the realistic approach of daily high and low with this rule of thumb. Always remember, by 11 AM EST there are instances when the market reverses. Mostly when the market is stable the volatility will be lesser since it will just a movement from daily high and low. So every time the market reverses by 11 AM EST, the tendency is, it will continue to do this until the next 11 AM EST. If not, then expect no reversal for that day. Hence, it's best to check the daily high and low to understand the zones where it would be best to enter.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
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