Today I bought $OM after several weeks analyzing the currency and bought just at the right time.
Do you want to learn how to capture the best shopping moments yourself?
The first thing we must do is choose a currency, choose a project or currency that you like and follow it for several days/weeks, the longer the better because this way you will know how the currency behaves with market movements and at what point it is if in a momentum, accumulation, distribution or pullback.
After this, the second thing would be to analyze the key rebound zones of the currency, since you should not make entries above these, YOU HAVE TO KNOW HOW TO WAIT, otherwise others will keep your money.
The third thing, after having analyzed the graph and understood at what moment the currency is and if it is in the rebound/support zone, we must look at the RSI indicator, this indicates the overbought or oversold value of a currency, normally an RSI Below 30 begins to be a good buying point and below 20 is always a good entry. Above 60-70 would therefore be a good sell area, or partial sale of the currency because it may be preparing for a correction of the entire rise.
*IMPORTANT NOTE* we have to evaluate the RSI in the 15min, 4h and 1 Day chart, and until it is on average at 30 in the 3 charts, no purchases should be made.
After this we have to evaluate the MACD on the daily chart, when the curve is located below the candles and the candles begin to be small but green, together with the RSI reading it would be giving us a good buy signal.
In addition to this, I also like to evaluate this same technical analysis in BITCOIN, it is the currency that moves the market, they all follow its movements so to evaluate purchases in any currency you must also see that BITCOIN is in a good buying zone with a low RSI, close to rebound zones, its tendency…
If you take all this into account you will have a very high success rate. I really appreciate the support if you like my posts. DYOR.