🚨 How do professionals set trade targets? Say goodbye to guesswork 🎯 $BR $GTLB
I get questions from people asking how to set targets scientifically, and whether we should buy just because a coin’s price has dropped.
Here’s the technical secret:
🛑 The fake-bottom trap (the buying trap):
Some accounts recommend buying simply because the price is low. Technically, trading below the EMA(25) and EMA(99) lines is very dangerous, because these lines turn into resistance walls that crush upward momentum.
🧠 The real tools for sniping targets:
1. Fibonacci levels: The most precise tool for identifying whales’ profit-taking points.
2. Previous highs (Price Action): Identify the last area the price failed to break through and set it as a firm target.
3. RSI confirmation: The indicator falling below 30 isn’t enough; wait for the line to curve upward and confirm that liquidity is flowing in.
💡 Bottom-fisher’s takeaway: Targets are read from the chart and the whales’ walls—they aren’t set based on wishful thinking. Rely on your own analysis, and always activate your Stop Loss! 🛡️🦅
#TechnicalAnalysis #TradingTips #RiskManagement #BinanceSquare
I get questions from people asking how to set targets scientifically, and whether we should buy just because a coin’s price has dropped.
Here’s the technical secret:
🛑 The fake-bottom trap (the buying trap):
Some accounts recommend buying simply because the price is low. Technically, trading below the EMA(25) and EMA(99) lines is very dangerous, because these lines turn into resistance walls that crush upward momentum.
🧠 The real tools for sniping targets:
1. Fibonacci levels: The most precise tool for identifying whales’ profit-taking points.
2. Previous highs (Price Action): Identify the last area the price failed to break through and set it as a firm target.
3. RSI confirmation: The indicator falling below 30 isn’t enough; wait for the line to curve upward and confirm that liquidity is flowing in.
💡 Bottom-fisher’s takeaway: Targets are read from the chart and the whales’ walls—they aren’t set based on wishful thinking. Rely on your own analysis, and always activate your Stop Loss! 🛡️🦅
#TechnicalAnalysis #TradingTips #RiskManagement #BinanceSquare