The Most Ruthless Scalping Strategy - Channel Trading Method
This trick is one of the cleanest and most efficient methods in short-term trading, simple, effective, and easy to understand at a glance.
How to play?
Step 1: Draw the Channel
On the candlestick chart, connect the recent highs and lows to draw a parallel channel.
In an uptrend, the price bounces back and forth like a ping pong ball between the upper and lower edges of the channel.
Step 2: Target Buy and Sell Points
Price hits the lower edge of the channel? → Prepare to buy, this is support.
Price reaches the upper edge of the channel? → Prepare to sell, or go short if you see a candlestick reversal.
The essence is to sell high and buy low, capturing swing profits.
Step 3: Watch for Breakouts
If the price breaks out of the channel with volume, a big trend may be coming.
Breaks above the upper edge → It may continue to rise, chase it!
Breaks below the lower edge → It may turn down, run away!
Why is this method effective?
Simple and intuitive, no complicated indicators needed
Suitable for short-term trading, can be used with 5-minute and 15-minute candlesticks
Clear stop-loss, run when the level breaks, no holding positions
Key Details
Don’t rush to enter, wait for the candlestick to confirm before acting
Don’t be greedy, take the profits within the channel and run, breakouts are another story
Give it a try, this trick can make your trading as precise as a sniper!
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Intraday focus: ETH PEOPLE BTC NEIRO