One of my favorite strategy trades this week was a support bounce play using confluence of indicators. The coin was approaching a key horizontal support on the 1-hour chart. At the same time, RSI was oversold, and MACD was showing signs of a bullish crossover. I didn’t jump in immediately — I wanted a green engulfing candle to confirm the bounce. Once that appeared, I entered with a tight stop below the support level. The price respected the level and began moving up steadily. This was a classic example of why multiple confirmations are better than relying on a single indicator. No strategy guarantees a win, but confluence significantly increases your edge. This trade reminded me that even simple support/resistance plays can be powerful when supported by other technical tools. Stick to the basics, refine them, and stay disciplined.
