Person of the Year, what are the best entry points in #currency?
#trading #bitcoin #cryptocurrencies
There are 3 areas that are considered golden for entry
1- The first few seconds before the rebound
This means the price has dropped to a strong support level and has started to show signs of rising
Here you enter and benefit from the rebound before it rises
Example: a reversal candle, or RSI below 30 and starting to rise
2- After the breakout
The price is confined in a range, then breaks a strong resistance and moves out of it
If the breakout occurs with large trading volume, here you enter with the wave
But you must ensure that it is a genuine breakout, not a false break
3- Sideways trend
When the price moves sideways and horizontally, neither dropping nor rising
And is confined within a small range, here you monitor, and as soon as it gives you an upward trend signal, you enter
This movement often occurs before price explosions.