๐ Trading from Scratch โ Day 32/90
๐ What is a Change of Character (CHoCH)?
๐ข Bullish Scenario
โ Breaks an important high after a bearish trend.
โ It may indicate that buyers are starting to gain strength.
โ Wait for confirmation before acting.
โโโโโโโโโโโโ
๐ด Bearish Scenario
โ Breaks an important low after a bullish trend.
โ It may indicate that sellers are starting to take control.
โ Analyze the context before making a decision.
๐ CHoCH alone does not confirm a trend change; itโs a signal that must be interpreted alongside market structure and proper risk management.
#Trading #BinanceSquare #CHoCH #SmartMoney #PriceAction
๐ What is a Change of Character (CHoCH)?
๐ข Bullish Scenario
โ Breaks an important high after a bearish trend.
โ It may indicate that buyers are starting to gain strength.
โ Wait for confirmation before acting.
โโโโโโโโโโโโ
๐ด Bearish Scenario
โ Breaks an important low after a bullish trend.
โ It may indicate that sellers are starting to take control.
โ Analyze the context before making a decision.
๐ CHoCH alone does not confirm a trend change; itโs a signal that must be interpreted alongside market structure and proper risk management.
#Trading #BinanceSquare #CHoCH #SmartMoney #PriceAction
