How to pick bottom like a professional trader by using MA9, MA20 and MA200.
1. Set up your chart like in the picture below: price, MA9, MA20, MA200
2. Find the oversold zone in both 1h chart and 5m chart.
5. Once price get in this zone, watch the price go far below MA8, MA9 far below M20 and MA20 far below MA200. That's the perfect time to pick money that other people left behind.
How much you will put in? In my real trades, I gonna put 1/3 of my capital, another 1/3 if we have new new bottom and sl right below that candle.
🔐 Key point. use my method only for the 2nd or 3rd drop. Never pick the first rally affter price fall down.
more details in next posts
