Even though the market feels frustrating right now, most charts actually have straightforward triggers. Pull up the daily timeframe and zoom out for context. Look for former daily lows that were clear support and have recently flipped into resistance, they tend to stand out. Draw a horizontal line at that key level. Go long on a break above it, short on a break below. Invalidate the setup if price reclaims the daily level. If price is holding comfortably above the daily support/resistance zone, prioritize long setups.
YusufShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.