💥 Why You Keep Losing Trades? 💥
The secret to success in trading lies in Technical Analysis – the skill that separates the winners from the losers. And here’s the minimum you need to know:
1. Trend
To start, understanding trends is essential. A trend refers to the overall direction of the market – whether it's going up, down, or moving sideways. When the market is trending upwards, it's a bullish trend, and this is the time to consider buying. On the other hand, if the market is trending down, it's a bearish trend, which often signals a good time to sell or short. When the market is moving sideways, it’s consolidating, so it's crucial to wait for a breakout before making your move.
2. Support & Resistance
Another fundamental concept is support and resistance. Support is the price level at which the market tends to stop falling and bounce back up. It’s like a floor that holds the price from dropping further. Resistance, on the other hand, is the price level where the market tends to stop rising and reverses downward. It acts like a ceiling, preventing the price from going higher. Recognizing these levels helps you make better decisions. For example, when the price hits support and starts to rise, it could be a good time to buy. If it reaches resistance and begins to fall, that’s a potential signal to sell.
$USUAL

$PENGU

$1000CAT