$BTC Today, Feng Kai shared 5 types of trading entry logic with the classmates. The same structure, different perspectives, which I believe can help you!
1. Trendline Entry: Just look at that slanted upward line. The price has been fluctuating above this line, indicating that the upward momentum is still present. As long as it doesn't break below this line, there is still an opportunity to follow along.
2. Horizontal Support Entry: Find those horizontal levels where the price repeatedly jumps up and down. This is the balance point where both buyers and sellers are contesting. When the price falls back here and confirms a stable position, it's another opportunity to enter the market.
3. Fibonacci 0.618 Retracement Entry: Calculate the 0.618 position according to the golden ratio. Many times, after a price increase, it retraces and stops declining at this level. In simple terms, it’s betting that once it stabilizes, it will continue to rise. It's a gamble, but the probability isn't low.
4. Candlestick Pattern Entry: Look at the candlestick patterns, such as 'Engulfing' or 'Hammer'. They are like the market speaking, directly telling you which side is stronger at that moment, allowing you to capture the current buying and selling reaction.
5. Multiple Signal Overlay Entry: If the previously mentioned trendlines, horizontal lines, and candlestick patterns all converge at the same price level, it means several reasons support entering the market here, making it relatively more reliable.
These methods are neither good nor bad; it depends on how you are accustomed to viewing the market and which method is suitable for the current situation. Choosing the right one will make it easier to use!