YOUR TRADING CAREER MAY BE SAVED TODAY BY THIS RULE OF THUMB!
This is the one rule of thumb if you're new to the bitcoin market. Let's talk about this.
Many traders fall victim to the fallacy that no one else will consider buying cheap and selling high on a daily basis. As a result, the majority would trade hourly or minutely. This is neither a horrible notion, nor is it incorrect. However, overtrading is one of the things that might go wrong with these kinds of setups. Trading more than 20 times a day is not typical for a novice trader, and those who do so without monitoring the day's high and low are likely to get caught in the trap. Consequently, to facilitate comprehension for novices. Using this guideline, we can relate to the practical method of daily highs and lows. Never forget that sometimes the market reverses by 11 AM EST. Since there is only a movement from the daily high and low, volatility is typically lower when the market is stable. Therefore, if the market reverses by 11 AM EST, it usually does so until 11 AM EST the next day; if not, there is no chance of a reversal for that day. To determine which zones would be ideal to enter, it is therefore best to look at the daily high and low.
Stay wise, trade cautiously.