💭 How do you determine the overall trend of the currency before opening any position?

📌 The successful trader only enters the market when they know the overall trend. Here is a simplified way to determine it:

1. Start with the larger frame (4H or Daily):$XRP

Look at the bigger picture. Is the price making higher highs and lows? This means up.$BNB

Is it making lower highs and lows? This is down.

$SOL

SOL

146.87

-1.13%

2. Use moving averages (like MA 50 and MA 200):

If the price is above both averages = the trend is up.

If it is below them = the trend is down.

3. Use the trend line:

Draw a line connecting the lows or highs. Breaking it or respecting it confirms the trend.

4. Don't forget trading volume:

Strong trend = high volume supporting it.

Why is this important?

Because when you trade with the trend, you increase profit opportunities and reduce loss possibilities.

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#CryptoEducation💡🚀 #priceaction

🎁 Next lesson:

How do you choose the right currency for day trading?

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