A few words can explain the essence of trading: following the rules increases the chances of success, but retail friends probably won't take it seriously, haha, so it doesn't really matter how much I post.
An upward channel and a downward channel are both trap setups. An upward trend with a small decline is a good opportunity to go long. A downward trend with a small rise is a good opportunity to go short. Sideways movement at high levels indicates distribution. Sideways movement at low levels indicates accumulation. In an uptrend, small dips are opportunities to buy. In a downtrend, small rises are opportunities to short. Holding support levels for too long will inevitably lead to failure. Persistently attacking resistance levels will eventually break through.
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A few words can explain the essence of trading: following the rules increases the chances of success, but retail friends probably won't take it seriously, haha, so it doesn't really matter how much I post.
An upward channel and a downward channel are both trap setups.
An upward trend with a small decline is a good opportunity to go long.
A downward trend with a small rise is a good opportunity to go short.
Sideways movement at high levels indicates distribution.
Sideways movement at low levels indicates accumulation.
In an uptrend, small dips are opportunities to buy.
In a downtrend, small rises are opportunities to short.
Holding support levels for too long will inevitably lead to failure.
Persistently attacking resistance levels will eventually break through.