$SOL well I was replying to one of my follower comment, and I remember an easy technique for newbies. I shared it with him in that post comment, I thought it would be better if I share it with all of you.
This method involves using technical indicator named as Moving Average Exponential (EMA), in order to use this you have to use that indicator twice, set the one indicator value to 9 and again add another to chart and set its value to 18, like I did in my chart.
Now here is rule of thumb
-As long as the 9 (green line in my chart) remain above 18 (red line in my chart) go for long positions.
-As long as the 9 remain below 18, go for short positions
-If the distance between two starting to close or they starting to come closer to each other, exit the trade
- If you are greedy and you want to wait, then the last point to exit is that where both of the line intersect with each other.
I am not a big fan of indicators, infact I never use them, only indicator I use is for market sessions and I have manually put session time in it. But if you are literally a newbie and don't know what to do, this can be a good start for you đ
Sorry editing the post, use it on 15M chart for more precision.
Also sharing the setting.
#LTC&XRPETFsNext?
