June 20 is
How to use this indicator to place an order tutorial:
Step 1: Look at the 1-hour candlestick chart for a bearish signal, then only go short,
Step 2: When you come to the 5-minute candlestick chart and see a bullish signal, wait for a bearish signal to enter the market.
Stop loss setting: The stop loss point is the highest point of the third candlestick back from the candlestick that shows the signal. Currently, the stop loss point for the 1-hour is 2536. If it exceeds 2536, it indicates that the bearish trend is no longer valid. However, when there is a bearish signal on the 5-minute chart, set the stop loss at the 5-minute level at the highest point of the third candlestick back from the signal candlestick.
Take profit
can be set at the previous low point of the 1-hour chart at 2483.
Summary: Currently, although the 1-hour chart shows a bearish signal, the real-time trend is in a sideways market. We should not rush to short; wait for a bearish signal on the 5-minute chart before going short. If the price breaks above 2536, the 1-hour stop loss indicates that the 1-hour may trend bullish or continue to oscillate. Wait for a bullish signal on the 1-hour chart, then look for a bullish signal on the 5-minute chart to enter, following the major trend and being cautious against minor trends.
Order placement experience supplement: Orders must follow the trend to have certainty and consistency. Look at the 1-hour trend and then enter on the 5-minute chart. Look at the 4-hour trend and enter on the 15-minute chart. Look at the daily chart and enter on the 4-hour chart.