Yesterday we were waiting for the best buying point for doge at 0.618-0.786. Today we will see if we have found the best position.
This is the 1-hour trend chart of doge. Through observation, we found that the RSI gave a signal at the 1-hour level, but the divergence signal of macd has not been given. This position has not reached 0.618. So how should we open a position? I will share my thoughts with you.
Idea 1:
When the subsequent market development breaks through the previous low point A and the callback does not exceed the recent low point B, forming the latest secondary low point C, point C is the best buying point, and the stop loss point is the lowest point B.
Key point: It is necessary to pass point A first, otherwise if it is not strong, there is a high probability that it will continue to fall.
After breaking through point A, you must wait for a callback to determine whether the support of point B is effective. If it falls below point B and quickly recovers to form a 2B structure, you can also enter the market. If it falls below, then this position is not the best buying point, and you need to continue to wait for the next opportunity.
Idea 2: If the market moves sideways on the weekend, wait patiently for the 1-hour or 4-hour MACD divergence opportunity. The idea is the same as idea 1. Break through first, and then enter the market if it does not fall below.
Idea 2 is more of a test of your patience. I believe many of you have suffered from your lack of patience in this matter. So you must practice more in real trading.
Well~#dogearmy The best time to enter the market is shared with you for free today. Remember to pay attention, otherwise you may miss the subsequent live teaching~
I wish you all a happy transaction. Bye. If you find it useful, please share it with your friends.
