readCrypto

Need to check if you can ascend in critical sections

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHBTC 1W Chart)
After the volatility period around June 26th, we need to see if the price can hold up above 0.07248.

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(ETHUSDT chart)
The 1572.69-1879.61 zone is an important support and resistance zone.

Therefore, the key is whether or not you can ascend with support in this section.


Therefore, it is necessary to check if it can be supported around 1862.46.

In order to check support and resistance, you need to check the movement for at least 1-3 days.

If it shows consistent support for at least 1-3 days, you may consider buying.


The point at which the current price is located determines the duration of the investment depending on which time frame the interval is drawn as support and resistance.

Therefore, you need to create or modify the trading strategy of the coin (token) you want to trade by looking at the 1M, 1W, and 1D charts and checking the points of support and resistance.


Looking at the current 1M chart, it is located near the MS-Signal indicator.

Therefore, if the price is maintained above the MS-Signal indicator, it is highly likely to continue its upward trend from a long-term perspective.

Therefore, when the MS-Signal indicator turns into an uptrend, it is necessary to check whether the price continues to hold above the MS-Signal indicator.

If the above points are confirmed, it is time to buy from a long-term perspective.


Since the price is located near the 1W chart, that is, the HA-High indicator from a mid- to long-term perspective, it can be interpreted that it is highly likely to renew the recent high.

Therefore, if you see support near the HA-High indicator, around 1862.0, it is the time to buy from a mid- to long-term perspective.

However, since you buy near the HA-High indicator, it is essential to stop loss if it falls below the HA-High indicator and shows resistance.


In the 1D chart, that is, from a short-term perspective, the HA-Low and HA-High indicators of the 1D chart are created around 1862.0, so you can trade depending on whether you are supported or resisted around 1862.0.

Therefore, if it receives support around 1862.0 and rises, the first selling section is the 2075.10-2196.53 section.

Also, if it falls below 1790.20, a stop loss is required.


If you have thought of the trading strategy according to the investment period like this, you need to determine the investment size according to the selected investment period.

What you need to consider when determining the size of your investment is where the current price falls within the overall price range.

Accordingly, from a mid- to long-term perspective, it is judged that the investment can be carried out with a ratio of 30% to 50%.

If you proceed with buying with too much proportion, it may be difficult to maintain the transaction continuously from a mid- to long-term perspective, so it is necessary to adjust the proportion.


By buying more at a lower price, you can make a bigger profit.

However, the important thing in conducting actual trading is your own state of mind.

Therefore, you need to be careful when buying from a mid- to long-term perspective because whether you can withstand the psychological burden you will receive when you buy more with a larger investment ratio determines whether you can continue trading.

From a mid- to long-term perspective, the time to buy in earnest is when it shows support near the HA-High indicator on the 1M chart.

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(ETHKRW chart)
If the price stays above 23700000-2466000, I would expect it to break out of the long-term downtrend line.

Accordingly, it is necessary to check whether the price is maintaining around 2920000 before or after the volatility around July 1, or whether it is supported near the HA-Low indicator on the 1D chart.


Looking at the 1M chart, it appears that there is potential for sideways movement in the 1911000-2920000 range.

In order to show a full-fledged uptrend, it must rise above the HA-High indicator on the 1M chart.

Therefore, it is expected that the current 1M chart's HA-High indicator point (3973000) will rise or shake up and down, causing the HA-High indicator to fall.

Therefore, from a long-term perspective, there is no reason to trade now.

From a mid- to long-term perspective, that is, if you look at the 1W chart and see support around 2370000-287000, you can buy it.

However, since you buy near the HA-High indicator, if it falls below 2370000 and shows resistance, a stop loss is essential.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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