I will explain the best time to sell
1. Price increase: the price starts to rise and forms the first peak (Top 1).
2. Downward correction: the price falls slightly and then starts to rise again.
3. Formation of the second peak (Top 2): the price reaches approximately the same level as the first peak but cannot surpass it — this means that buyers have lost their strength.
4. Drop and breach of the trendline: the price starts to fall and breaks through the upward trendline (Trendline).
5. Breach of the support zone (which was old resistance): the price breaks through the gray area, which is a horizontal support line.
6. Entry point (Entry): entering a sell trade occurs upon breaching this support.
7. Determining risk and reward (Risk/Reward):
Risk: the red area representing potential losses.
Reward: the green area representing the expected profit.
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