"Use the Time Frame According to Your Trading Style!"
One common mistake of beginner traders is to randomly choose a time frame without understanding their own trading style. In fact, selecting the right time frame can determine the accuracy of your analysis.
For example, if you are a scalper, use a 1-minute (1M) to 15-minute (15M) chart to capture quick movements. But if you are a swing trader, it is more suitable to use a 4-hour (4H) to daily (1D) time frame.
Take the example of $ETH — it may look bullish on the 1-hour time frame, but when viewed on the daily chart, it is actually in a downtrend. This is why it is very important to understand:
What your trading style is like
The appropriate time frame
Do not mix scalping strategies in long-term analysis
Use a combination of several time frames to confirm trends, support, and resistance. Smartly reading the market = smartly determining strategy.
