ARE YOU NEW TO TRADING?
Hello friends! How did you do with the list? I found almost 20 cryptocurrencies that in a 1M timeframe (monthly) dropped so hard that they left a long red candle (engulfing) or three red ones in a row (imbalance), here I leave you the screenshot of some. This data is important because the market is so, so hungry that later it will come back to pick up the bills that fell. Meanwhile,...
STEP 2. MARK THE STRUCTURE CHANGES.
Let's take WAXP as an example. Notice the last low it had at 0.02434. Now notice where the impulse that caused that last movement is, it is at 0.05541. I marked it with the help of the ALERTS that are down to the left, in between the PLUS and MARGIN (use it constantly).
Follow this guideline with all the cryptocurrencies you have on your list so that BINANCE alerts you when the price retraces and breaks that point.
(YOU STILL CANNOT OPEN A TRADE)