"Give a man a fish, and he will eat for a lifetime. Teach a man to fish, and he will eat for a lifetime." 🤝🌹
📊 Trading Kit for Beginners How to survive #MarketDownturn being new🚀?
1️⃣ Basic Concepts
🔄 Spot Trading: Buy-sell at the current price
📈 Technical Analysis: Study charts to decide
🛑 Stop-Loss (SL): Limit to cut losses
🎯 Take-Profit (TP): Target to secure profits
2️⃣ Custom Setup
〰️ Hull Moving Averages (HMA 20 and 50)
📊 Modified MACD (8, 21, 5)
🌡️ RSI (14, Thresholds 40 and 60)
📊 Volume Profile and VWAP
🚦 Supertrend (ATR 10, 2)
🎢 Bollinger Bands (20, 1.5)
3️⃣ Basic Strategy
🔍 Identify trends with HMAs and Supertrend
✅ Confirm signals with MACD, RSI and Volume Profile
🛑 Place SL on resistance or VWAP
🎯 Define TP based on support or RSI
4️⃣ Risk Management
💰 Maximum 2% of capital per trade
⏰ Set alerts for key levels
5️⃣ Tools
💻 TradingView for analysis
📱 Market alerts
📓 Trading journal
6️⃣ Mindset
🧘 Patience: Don't rush
💪 Discipline: Follow your plan
📚 Continuous learning
7️⃣ Signal Reading Example
🟢 Buy Signal
HMA 20 crosses above HMA 50 ↗️
MACD crosses up ⬆️
RSI rises above 40 📈
Price bounces off Volume Profile support 💹
Supertrend turns green 🟩
🔴 Sell Signal
HMA 20 crosses below HMA 50 ↘️
MACD crosses downwards ⬇️
RSI falls below 60 📉
Price touches Volume Profile resistance 📊
Supertrend turns red 🟥
💡 Look for confluence of multiple signals before trading. The more signals that match, the stronger the indication.
🏆 Remember practice makes perfect. Keep learning and fine-tuning your strategy! $BTC $ETH $SOL 🥶 #SentimientodeMercadoHoy #ETH #BTC #SOL