Crypto Trading Educational Post
Four Strategic Buy Entry Setups Based on QM Patterns (CHOCH)
1. Impulsive Move:
Enter around the 38.2% Fibonacci level.
Ideal for trending markets.
2. Typical Correction:
Enter around the 50% to 61.8% Fibonacci levels.
Suitable for pullbacks in an uptrend.
3. Golden Zone:
Enter around the 78.6% Fibonacci level.
Consider additional support levels like 'OB' for enhanced risk-reward.
4. Deep Correction (Stop Hunt):
Enter around the 88.6% Fibonacci level.
High-risk, high-reward setup.
Be cautious of potential stop-hunting.
Key Points:
Use these setups in conjunction with other technical indicators.
Risk management is crucial in all trading strategies.
Consider your overall trading plan and risk tolerance before entering trades.
#cryptotipshop #TradingMadeEasy #Debate2024 #Choch #Fibonacci
