🧵 Thread 29 – How to draw trend channels to improve your entries and exits on Binance 📈

Many traders only look at supports and resistances, but forget a powerful tool: trend channels.

Today you will learn to use them step by step.

Let's go with the thread! 👇

1️⃣ What is a trend channel?

Two parallel lines that follow the price movement:

🔸 Trend line

🔸 Parallel line (channel)

2️⃣ Types of channels:

📈 Bullish: the price rises between two ascending lines

📉 Bearish: the price falls between two descending lines

➖ Sideways: horizontal movement

3️⃣ How to draw it on Binance (TradingView):

1. Use the "Parallel Channel" tool

2. Mark two lows (bullish) or two highs (bearish)

3. Adjust the parallel to the other end of the price

4️⃣ What is a channel for?

✅ See buying and selling zones

✅ Improve entries on bounces

✅ Place stop loss outside the channel

✅ Detect possible breakouts

5️⃣ Basic strategy:

🔁 Buy when the price bounces at the base of the channel

⛔ Stop loss outside the channel

🎯 Take profit near the ceiling of the channel

6️⃣ What if it breaks?

A breakout with volume can indicate a trend change.

💡 Wait for the pullback to confirm.

7️⃣ Key advice:

Combine channels with RSI, moving averages, or other indicators.

Do not trade solely based on what you see in the channel.

🔁 Do you already use channels in your analysis?

❤️ Like if you learned something new

🔁 RT if it can help someone else

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