If you've been diving into the crypto trading world, you might have heard whispers about the Monday High-Low Technique. But what's the fuss all about? Let's break down this strategy, which many traders swear by for setting up their trades for the week.
What is the Monday High-Low Technique?
This strategy leverages the price action from Monday's session to predict or set up trades for the rest of the week. Here's a simple rundown:
1. Identify Monday's Range: Track Monday's highest high (HH) and lowest low (LL). These points often act as psychological barriers for the rest of the week.