šš "The key is whether the price can be maintained by rising to the second resistance range of 44200.0-47600.0. šŖ
š In particular, it is necessary to check whether support can be obtained above 45135.66.
š If it falls below 43160.0-43823.59 and shows resistance, it may lead to a further decline.
š As the price rises, the turning point into a short-term downtrend is expected to begin when it falls below the 41350.0 point.
š However, if it is still supported around 37253.81-38531.90, I think there is a high possibility of creating a pullback pattern from a mid- to long-term perspective. š
š I think it is highly likely that a shakeup will occur around the current range, that is, 43823.59-46431.5.
š” Trading cannot be done based on these predictions, but rather through trading strategies.
š¼ Therefore, you need to create a trading strategy and respond to the support and resistance points or sections you consider.
š In trading, we must not forget that predictions obtained through chart analysis are not necessary.
š Trading Strategy:
$ Investment period ā³
$ Investment size š°
$ Trading method and profit realization method
ššµ
This can be achieved by planning the three things above.
š Among these, the most important is 1. Investment period. Since everything changes depending on the investment period, you must select which coin (token) to trade and for how long the investment period through chart analysis.
š¹ Then decide the size of your investment based on your investment horizon.
š And, you need to create an actual trading method based on support and resistance points or sections.
š At this time, the important thing is to think about ways to reduce losses and create a trading method, that is, a trading strategy.
ā If you can't think of a way to prevent losses, I think the best way is not to trade.
š When in an uptrend or bull market, it is recommended to buy when the candle on the 1D chart is a downward candle.
