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Crypto Traders: Understanding the "Total 3 Chart" Strategy
The market often goes through three critical phases that every trader should watch closely:
1️⃣ Initial Surge (Breakout)
When the price breaks through a key resistance, signaling strength and momentum. Traders often jump in here expecting the bullish trend to continue.
2️⃣ Retracement (Pullback)
After a surge, the price retraces to a support level, providing a perfect opportunity to buy at a lower price before the next move.
3️⃣ Retesting the Last High (Key Moment)
The price revisits the previous high. If it breaks above, the bullish trend continues. If it fails, it could signal a reversal.
Key Takeaway:
Mastering these three phases—Breakout, Retracement, and Retest—can give you an edge in your trading decisions. Pay attention to how the price behaves at these levels!
#TechnicalAnalysis #CryptoTrading #BinanceSquare #Total3Chart #CryptoStrategy
1️⃣ Initial Surge (Breakout)
When the price breaks through a key resistance, signaling strength and momentum. Traders often jump in here expecting the bullish trend to continue.
2️⃣ Retracement (Pullback)
After a surge, the price retraces to a support level, providing a perfect opportunity to buy at a lower price before the next move.
3️⃣ Retesting the Last High (Key Moment)
The price revisits the previous high. If it breaks above, the bullish trend continues. If it fails, it could signal a reversal.
Key Takeaway:
Mastering these three phases—Breakout, Retracement, and Retest—can give you an edge in your trading decisions. Pay attention to how the price behaves at these levels!
#TechnicalAnalysis #CryptoTrading #BinanceSquare #Total3Chart #CryptoStrategy
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