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#analysis #sui / #USDT The price is moving in a bearish parallel channel, but it's now testing a minor support level. If this support holds, we could see a nice bounce back up toward the upper trendline resistance. What to Watch For: ✅ Bullish Reversal Signals: Hammer, engulfing pattern, or RSI bouncing from oversold. ✅ Volume Increase: Higher buying volume confirms strength. If Support Holds: - Entry: Near support with confirmation. - Target: Upper channel resistance. - Stop Loss: Just below support. If Support Breaks: -More downside likely—avoid longs. Short & simple—wait for confirmation before trading! 🚀
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#Girlfriend VS #crypto . What do you choose?
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#EducationalContent #Market Structure When #trading on lower timeframes, understand the bigger picture in order to truly trade with the trend. There can be different trends over multiple timeframes. The higher timeframes are best to understand the overall trend direction.
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Adam Back placed a limit order to buy all 21 million #bitcoin at 2 cents each, just in case. source : TFTC (twitter)
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#1 Candlestick Rule CandleStick patterns are not enough to enter a trade, even though they might have worked out. Always identify an area of Interest first, and use the candlesticks or candlestick patterns to see how price reacted to those areas. Area of Interest : Major or Minor Support & Resistance, Trendlines, Moving Averages, Fib Retracement Levels etc.
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