❓ KNOWLEDGE CHECK IN TECHNICAL ANALYSIS
Let’s reinforce the material we covered during the week! 🧠
Look at the image below: the coin’s price has been falling for a long time, reached a strong support level, and formed a candle with a small body and a long lower wick (“Hammer”).
At the same time, the RSI indicator dropped below the 30 level.
Question: What action is most appropriate to consider in this situation?
1️⃣ Buy / look for a long entry point (upward reversal)
2️⃣ Sell / short urgently (the price will fall even more)
3️⃣ Wait, because TA doesn’t work
👇 Write in the comments the number of your answer (1, 2, or 3)! We’ll cover the correct option in Sunday’s article.
#Binance #опитування #трейдинг #навчання #аналіз
Let’s reinforce the material we covered during the week! 🧠
Look at the image below: the coin’s price has been falling for a long time, reached a strong support level, and formed a candle with a small body and a long lower wick (“Hammer”).
At the same time, the RSI indicator dropped below the 30 level.
Question: What action is most appropriate to consider in this situation?
1️⃣ Buy / look for a long entry point (upward reversal)
2️⃣ Sell / short urgently (the price will fall even more)
3️⃣ Wait, because TA doesn’t work
👇 Write in the comments the number of your answer (1, 2, or 3)! We’ll cover the correct option in Sunday’s article.
#Binance #опитування #трейдинг #навчання #аналіз