📚 Lesson 17 out of 50
❓ What does “trend” mean? And why do they say “Don’t fight the market”?
The most famous trading phrase: “The trend is your friend” — so what exactly is a trend?
A trend is the general direction of price when you look from far away:
📈 Uptrend: Higher highs than the previous ones, and higher lows — buyers are in control.
📉 Downtrend: Lower highs and lower lows — sellers are in control.
↔️ Sideways: Price is trapped between two zones, moving back and forth — the market is indecisive and waiting for a decisive move.
The classic beginner mistake: You see a coin in a clear downtrend and say, “This is too much, it’s definitely going to rebound,” then you buy — and the price continues falling. That’s called “catching the falling knife.”
One last important point: Trends differ depending on the timeframe — a coin in an uptrend on the 1-hour chart might be in a downtrend on the weekly chart. Decide first which time range you’re looking at — and let the bigger picture be your reference.
📌 Summary: The trend is the market’s overall direction: up, down, or sideways — know it first, because fighting it is the most expensive lesson in trading.
📅 A new lesson tomorrow — follow us and don’t miss it 🔔
💛 Join Abu Malek’s team: Register on Binance with code ABOMALAK — permanent discount on trading fees, plus benefits from our services and offers
#العملات_الرقمية #تعلم_الكريبتو #Binance
⚠️ Educational content — not investment advice
❓ What does “trend” mean? And why do they say “Don’t fight the market”?
The most famous trading phrase: “The trend is your friend” — so what exactly is a trend?
A trend is the general direction of price when you look from far away:
📈 Uptrend: Higher highs than the previous ones, and higher lows — buyers are in control.
📉 Downtrend: Lower highs and lower lows — sellers are in control.
↔️ Sideways: Price is trapped between two zones, moving back and forth — the market is indecisive and waiting for a decisive move.
The classic beginner mistake: You see a coin in a clear downtrend and say, “This is too much, it’s definitely going to rebound,” then you buy — and the price continues falling. That’s called “catching the falling knife.”
One last important point: Trends differ depending on the timeframe — a coin in an uptrend on the 1-hour chart might be in a downtrend on the weekly chart. Decide first which time range you’re looking at — and let the bigger picture be your reference.
📌 Summary: The trend is the market’s overall direction: up, down, or sideways — know it first, because fighting it is the most expensive lesson in trading.
📅 A new lesson tomorrow — follow us and don’t miss it 🔔
💛 Join Abu Malek’s team: Register on Binance with code ABOMALAK — permanent discount on trading fees, plus benefits from our services and offers
#العملات_الرقمية #تعلم_الكريبتو #Binance
⚠️ Educational content — not investment advice
