Professionalism is not in the number of deals, but in the quality of the hunt. ๐ฏ
Let's put theoretical talk aside and move to practical application. How do we turn the silent 'chart' into real profits? Here is the formula I use before entering any position:
1๏ธโฃ Filtering phase: I do not look at the currency because its name is 'beautiful' or 'famous'. I look for currencies that move against the downward market trend (Strength Relative).
2๏ธโฃ Confirmation of the explosion: I am waiting for the crossover of the price averages with an explosion in trading volume (Volume). This is the 'signature' of the whales that cannot be hidden.
3๏ธโฃ Thoughtful exit: the golden rule; "Don't be greedy". Setting goals in advance is what protects you from sudden market fluctuations.
Always remember: money moves from the impatient trader to the patient trader. We are here to build wealth, not just for a 'lucky strike'. ๐
๐ Exercise for loyal followers:
Take a look at the currency [choose a strong currency currently like SOL or FET].. Do you see it as a consolidation pattern or is it in a distribution phase? I will correct your analyses in the comments! ๐
#TechnicalAnalysis #crypto Education #TradingTales #Binance ue