$BTC #TradeNTell
Pros of Price Action Trading:
Simplicity: No need for complex indicators; relies on chart movements.
Psychological Insight: Studies patterns and candlesticks to grasp market sentiment.
Versatility: Applicable across various markets and time frames.
Cons of Price Action Trading:
Subjectivity: Interpretations can vary among traders.
Experience Required: Proficiency demands a deep understanding of market dynamics.
Imperfect Signals: Not foolproof; may yield false signals and incorrect decisions.
