Want to see if it's a downtrend? Four signals are enough:
Look at the trend line: Draw a line yourself and see if each rebound fails to surpass the previous high; it’s obviously a downtrend.
Look at the moving average arrangement: No matter which moving average you use, the price is being pressured below, and the rebounds lack strength.
Look at the changes in highs and lows: The price highs and lows are getting lower, and each rebound fails to reach the previous high before dropping again.
Look at the moving average crossover: If the short-term moving average crosses below the long-term moving average, forming a "death cross," then the downtrend is officially confirmed.
Remember: Knowing how to identify a downtrend is just the beginning; the key is how to operate, manage your position well, set stop losses properly, follow the rules, and don’t act on feelings!
Market trends never believe in flowery language; only by following precise strategies can one keep pace with the pulse of wealth, without a clear strategy, just keep up with the speed.
Focus for the day: OM SUI SOL FUN BTC
