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It declined at 0.25355 and is falling below the short-term uptrend line (3).
We need to see if we can get support at the downtrend line (6) and move up quickly.
If you fall below the downtrend line (6), I think you need to trade to preserve your profit and loss.
During the volatility period mentioned in the BTC and USDT charts, if there is no rising flow as the volume B indicated in the Volume indicator occurs, it is expected to fall below the 0.23264 point.
Therefore, I think careful trading is necessary.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It declined at 0.25355 and is falling below the short-term uptrend line (3).
We need to see if we can get support at the downtrend line (6) and move up quickly.
If you fall below the downtrend line (6), I think you need to trade to preserve your profit and loss.
During the volatility period mentioned in the BTC and USDT charts, if there is no rising flow as the volume B indicated in the Volume indicator occurs, it is expected to fall below the 0.23264 point.
Therefore, I think careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
You need to make sure you can get support at 0.25355.
It remains to be seen if it can rise along the short-term uptrend line (3).
We need to see if we can break above the downtrend line (4).
It is not coming out as flow B drawn on the Volume indicator.
If Volume does not increase, it is expected to eventually decline.
So, we have to watch the Volume increase.