Short-term trading tip I've been using lately:
When you see a 2-3% drop in just 15 minutes, don't chase it down. Usually means a mini-bounce or sideways action is coming — people lock in profits, panic sellers are done, and the dust settles.
Even in a downtrend, price doesn't just nosedive forever. It zigzags.
What I do: wait for that consolidation zone to form, then look for entries near the top of the range. Keep an eye on Monday's low and yesterday's low as reference points.
Honestly, knowing how price behaves *after* a sharp move is just as useful as knowing which way it's headed. Saves you from getting chopped up 🙃
When you see a 2-3% drop in just 15 minutes, don't chase it down. Usually means a mini-bounce or sideways action is coming — people lock in profits, panic sellers are done, and the dust settles.
Even in a downtrend, price doesn't just nosedive forever. It zigzags.
What I do: wait for that consolidation zone to form, then look for entries near the top of the range. Keep an eye on Monday's low and yesterday's low as reference points.
Honestly, knowing how price behaves *after* a sharp move is just as useful as knowing which way it's headed. Saves you from getting chopped up 🙃