Do you know how to trade channels???🫵🏼

Another piece of advice for you guys😎

I will show you how to trade channels based on $LINK chart✅

🔸First of all, after large pump or dump you should wait for channel to start forming its major support and resistance levels

🔸Based on key three points (2 highs + 1 low or opposite) you need to draw channel with parallel lines

🔸After delineation of channel you can start placing orders. Buy on the dip (dynamic support level). Sell high (dynamic resistance level) 💰

🔸Repeat this cycle, but remember to use stop loss below major support levels and keep at least 10% of your long positions on uptrend in case price breaks top of the channel📈

DYOR guys and start trading wisely🤝🏼

#LINK #Write2Earn #EducationalPost