In the cryptocurrency market, many traders rely solely on analyzing the chart on a single timeframe (such as hourly or four-hour), which leads to making decisions that are not comprehensively supported.
Therefore:
Rely on Multi Timeframe Analysis
What does that mean?
It means starting your analysis from a larger timeframe (such as daily or weekly) to understand the overall trend, then gradually moving to smaller timeframes (4 hours – 1 hour – 15 minutes) to identify the best entry and exit points.
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