$INIT

$INIT

When there are no moving averages for the new currency 🉑 reference, you can use naked candlesticks, simply draw two lines, and you can clearly know how to respond next.

If it breaks above the upper red line, you can chase the rise; if it breaks below the lower red line, stop loss. It is still in the consolidation phase.

The expected change in trend time is before next Wednesday, whether it goes up or down, mark it yourself and you will have the answer.

If going long at 0.73, place the stop loss at 0.65.

If going short at 0.73, place the stop loss at 0.8.

Guessing with this kind of trend is meaningless; the key is to draw lines to find answers and decide whether to go long or short based on the trend.

I'm betting long at 0.73, with a stop loss at 0.65. As long as it breaks through 0.8, it will head straight to 1 dollar, and if it stabilizes at 1 dollar, the next target will be 1.5-2.

Trading is like this: moving averages assist us in trading, and we need to find the logic for buying from candlesticks and moving averages.

By abandoning random guessing and only looking at technical indicators, what remains is the technique, so placing trades is not about guessing and hoping.

Both long and short positions have a 50% win rate; why can 95% of people not even achieve a 50% win rate? What is the reason?