One of the biggest mistakes beginners make is entering a trade just because price touches Support or Resistance.
On the 4H BTC chart:
🟢 Support: Look for rejection, a lower wick and a bullish candle close. 🔴 Resistance: Look for rejection and a bearish candle close. ⚠️ Breakout: A wick above Resistance is NOT enough. Wait for the candle to close above and see if the next candle holds the level.
🟢 LONG-TERM PERSPECTIVE: ✅ Stable Inflation = Positive Signal ✅ Watch Fed's Next Move Closely ✅ GOLDEN BUYING OPPORTUNITY ✅ Accumulation Phase for HODLers
💡 SMART TRADING STRATEGY:
1️⃣ Continue DCA (Dollar Cost Averaging) 2️⃣ Set Buy Limit Orders at Support Levels 3️⃣ Secure Your Long Positions 4️⃣ Wait for FOMC Meeting Announcement