LIMIT ENTRIES: THE KEY TO TRADING SUCCESS!
There are many traders who disregard the importance of a limit entry.
For this post, we will take #DOT as an example.
DOT has retouched the monthly low zone and many have already awaited this key levels. These buy orders are set by taking their limit orders in place. In the hourly and daily timeframe, one harmonic pattern is forming. This harmonic pattern's reason for its possible formation would be the attempts of buyers at taking the least possible price as their positions. Notice how 3.6, 3.9, 4.0, etc. in the low zone are taken with limit orders? This is due to the fact that this is an undervalued price of a valuable crypto such as DOT. We are not saying that this is the only least possible price for DOT. Instead, what we're trying to say is. This is the level where it will most likely hold especially once BTC decides to stay on its current average price. It's best to check the least possible price whenever you're entering a buy/long limit order and the highest possible price whenever you're entering a sell/short limit order.
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.
