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We have to see if we can get support and climb in the 12.0905-12.8900 range.
If it goes down, you have to touch the M-Signal line on the 1W chart and see if it can go up.
If it falls at 12.0905, it is a short-term Stop Loss.
This is because it is viewed as a price adjustment due to the sideways movement of the BTC price.
If it falls at 10.7279, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line (1) and the section between 9.3922-9.8700 and move up.
From the CCI-RC indicator, the line is located near the zero point.
If the line falls below zero, there is a possibility of a sharp decline, so careful trading is necessary.
** All indicators are lagging indicators.
So, it’s important to be aware that the indicator moves accordingly with the movement of price and .
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)