learntechnicals
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USE Rsi (RELATIVE STRENGTH INDEX )
for Breakout confirmation and never fail.
#LearnTogether
#learntechnicals
1️⃣ **Identify Resistance or Support**:
- Suppose BTC is trading near a **resistance** at $30,000.
- RSI is at 48, indicating neutral to weak momentum.
2️⃣**Wait for Breakout**:
- If BTC **breaks above $30,000** and RSI moves **above 50**, it confirms bullish momentum 📈.
- Enter a **long position** as the breakout is likely to sustain.
3️⃣ **For Support Breakout**:
- Suppose BTC has **support at $25,000**.
- If BTC **falls below $25,000** and RSI drops **below 50**, it confirms bearish momentum 📉.
- Enter a **short position** as the downward breakout strengthens.
### Example:
- BTC breaks resistance at **$30,000**, RSI spikes to **56** ➡️ bullish breakout confirmed ✅.
- BTC drops below **$25,000**, RSI falls to **45** ➡️ bearish breakout confirmed ❌.
Always use stop-loss to manage risks! 🚨
for Breakout confirmation and never fail.
#LearnTogether
#learntechnicals
1️⃣ **Identify Resistance or Support**:
- Suppose BTC is trading near a **resistance** at $30,000.
- RSI is at 48, indicating neutral to weak momentum.
2️⃣**Wait for Breakout**:
- If BTC **breaks above $30,000** and RSI moves **above 50**, it confirms bullish momentum 📈.
- Enter a **long position** as the breakout is likely to sustain.
3️⃣ **For Support Breakout**:
- Suppose BTC has **support at $25,000**.
- If BTC **falls below $25,000** and RSI drops **below 50**, it confirms bearish momentum 📉.
- Enter a **short position** as the downward breakout strengthens.
### Example:
- BTC breaks resistance at **$30,000**, RSI spikes to **56** ➡️ bullish breakout confirmed ✅.
- BTC drops below **$25,000**, RSI falls to **45** ➡️ bearish breakout confirmed ❌.
Always use stop-loss to manage risks! 🚨
⭐25 Tips for Better Trade Entries:
1. Analyze the Higher Time Frame (HTF) structure before entering a trade.
2. Understand and follow the market flow.
3. Trade in the direction of the established trend.
4. Use divergences as a tool to confirm potential reversals.
5. Look for breakout and retest opportunities to enter trades.
6. Consider trading during periods of high volatility.
7. Wait for strong momentum to confirm your entry.
8. Consider switching to lower time frames (e.g., 1 minute to 5 minutes) for precise entry points.
9. Master price action analysis to identify strong price movements.
10. Pay attention to key levels and psychological price levels.
11. Study the movement of each trading session (e.g., Asian, London, New York).
12. Start with an overview of market structure and then zoom in for detailed analysis.
13. Avoid using too many conflicting indicators or strategies.
14. Set pending orders at strong support or resistance zones.
15. Use Exponential Moving Averages (EMAs) to gauge trend strength before entering a trade.
16. Keep an eye on overbought and oversold levels using indicators like RSI.
17. Be cautious of trend fatigue and potential reversals.
18. Analyze candlestick wick formations and look for strong rejections.
19. Use confirmation candles on lower time frames for added entry confirmation.
20. Set up alerts to be notified of potential entry signals.
21. Learn to set appropriate stop-loss orders to manage risk.
22. Avoid trading during high-impact news events unless you have a profitable position already.
23. Use Fibonacci retracement levels to identify potential pullback zones.
24. Understand supply and demand dynamics in the market.
25. Look for price inefficiencies or mispricing as trading opportunities.
I hope this helps clarify the trading tips for better trade entries.
If you have any specific questions or need further explanations on any of these points, feel free to ask!
#crypto2023 #BinanceWish #learntechnicals
$BTC $BNB $ETH
1. Analyze the Higher Time Frame (HTF) structure before entering a trade.
2. Understand and follow the market flow.
3. Trade in the direction of the established trend.
4. Use divergences as a tool to confirm potential reversals.
5. Look for breakout and retest opportunities to enter trades.
6. Consider trading during periods of high volatility.
7. Wait for strong momentum to confirm your entry.
8. Consider switching to lower time frames (e.g., 1 minute to 5 minutes) for precise entry points.
9. Master price action analysis to identify strong price movements.
10. Pay attention to key levels and psychological price levels.
11. Study the movement of each trading session (e.g., Asian, London, New York).
12. Start with an overview of market structure and then zoom in for detailed analysis.
13. Avoid using too many conflicting indicators or strategies.
14. Set pending orders at strong support or resistance zones.
15. Use Exponential Moving Averages (EMAs) to gauge trend strength before entering a trade.
16. Keep an eye on overbought and oversold levels using indicators like RSI.
17. Be cautious of trend fatigue and potential reversals.
18. Analyze candlestick wick formations and look for strong rejections.
19. Use confirmation candles on lower time frames for added entry confirmation.
20. Set up alerts to be notified of potential entry signals.
21. Learn to set appropriate stop-loss orders to manage risk.
22. Avoid trading during high-impact news events unless you have a profitable position already.
23. Use Fibonacci retracement levels to identify potential pullback zones.
24. Understand supply and demand dynamics in the market.
25. Look for price inefficiencies or mispricing as trading opportunities.
I hope this helps clarify the trading tips for better trade entries.
If you have any specific questions or need further explanations on any of these points, feel free to ask!
#crypto2023 #BinanceWish #learntechnicals
$BTC $BNB $ETH
$DOGE broke the trend line in 12HR timeline. once .15 is broken positively in 4HR next potential resistance is .165.
#learntechnicals #DYOR🟢. #norecommendation
#learntechnicals #DYOR🟢. #norecommendation