tradingknowledge

Technical Analysis : Identify the major support and resistance levels

​Title : 3 simple steps to draw your supports and resistances like a pro 📉📈

​Content :

Before placing any order on the market, reading the chart structure is essential.

​1️⃣ Identify multiple touch points : The more a level has been tested and caused the price to bounce, the stronger it is.

2️⃣ Watch the volume : A resistance breakout supported by strong volume confirms a legitimate breakout.

3️⃣ Think in zones, not exact prices : The market doesn’t react to the exact cent; reason in price bands.

​Take the time to analyze your charts before putting your funds at risk!

​#TechnicalAnalysis #Chartist #Binance #TradingKnowledge @Eden-

Successful Professional Traders aren’t mainly defined by having a high Win Rate; it’s about losing only a small amount when things go wrong, and taking the maximum when they’re able to...

To make this happen, the key thing to follow is Risk Management, which is more important than the Strategy..

For example,
Risk = 1%
Reward = 3%

Even if the Win Rate is only 40%, you’ll be able to see that Profit can still be achieved in the Long Term...

What I mainly want is in Trading:

• Don’t focus on Win Rate...
• Focus only on the Risk to Reward Ratio...

#tmyan #TradingKnowledge

Technical Analysis: The RSI indicator and divergence

​Title: How to spot a trend reversal using RSI divergences 📈📉

​Content:

The Relative Strength Index (RSI) is one of the most widely used momentum indicators.

​📊 Bullish Divergence:

When the price of an asset makes lower and lower lows, but the RSI records higher and higher lows, the selling pressure weakens. This is often a sign of an imminent rebound!

​📊 Bearish Divergence:

The price sets a new high, but the RSI fails to make a higher high. Caution: buying pressure is running out.

​Never forget to confirm a divergence with graphical support/resistance levels!

​#RSI #TechnicalAnalysis #Chartism #TradingKnowledge #Binance
​

📈 Learn First, Trade Later! 🚀
Trading is not just about buying and selling.
Learn the market, understand charts, practice properly, and manage your risk. 📚📊
Knowledge + Patience + Discipline = Progress. 🔥

#Trading #CryptoTrading #Binance #Quotex #TradingEducation
#CryptoEducation #TechnicalAnalysi #TradingKnowledge #LearnTrading #Crypto #Bitcoin #Trader_Tuhin_NXT

The Impact of Bitcoin Dominance on Your Portfolio: When Bitcoin's dominance rises, altcoins often struggle. 📉 The best time to buy altcoins is when dominance starts to drop. 📈 Keep an eye on the BTC.D chart to know where the "season" is at.
#BTCdominance #Altseason #TradingKnowledge #Binance $ETH