readCrypto

The 210.2-243.5 section corresponds to the buy section

BINANCE:BNBUSDT   Binance Coin / TetherUS
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(BNBUSDT chart)

Looking at the big picture, I would expect a trend to form along the way out of the 210.2-353.3 zone.

Among them, I think that the 210.2-243.5 section forms a strong volume profile section.

Therefore, if the 210.2-243.5 section is touched or supported, it is time to buy.

If you buy and you think there is nothing you can do to deal with it if it drops below 210.2 and leads to a big drop, then of course you shouldn't buy.

What you must think about before proceeding with the trade, that is, before buying, is to decide when to buy first, when to sell first, and when to stop loss.

Otherwise, there is a high possibility that you will suffer from psychological pressure from the moment you buy.

To do this, you can use the HA-Low and HA-High indicators.

If it is supported by the HA-Low indicator, it is the first round of buying.
When it rises around the HA-High indicator, it corresponds to the first selling period.
The stop loss point can be determined based on the support and resistance points indicated on the chart and the number of splits.


(1M chart)
Looking at the 1M chart, we can see that the 284.8 point corresponds to the last support and resistance point.

However, since the HA-High indicator on the 1M chart forms a horizontal line at point 179.2, there are support and resistance points, but from the current point of view, point 284.8 can be seen as the last point of support and resistance.

Therefore, from a long-term perspective, it can be interpreted that the downtrend is likely to continue.


(1W chart)
Looking at the 1W chart, the last point of support and resistance is at 233.9.

Therefore, from a mid- to long-term perspective, it can be seen as an important period.

Since the HA-Low indicator (243.5) of the 1W chart is formed near the 233.9 point, if it is confirmed to be supported around 233.9-243.5, it is expected to rise to the vicinity of the HA-High indicator (284.6) of the 1W chart.

Therefore, we can see reasons to buy around 233.9-243.5.


(1D chart)
The 1D chart looks very cluttered because the support and resistance points of the 1M and 1W charts are also marked together.

However, based on the 1M and 1W chart descriptions,
1st: 210.2-243.5
2nd: 284.8-332.4
The 1st and 2nd sections above correspond to the important support and resistance sections.

Therefore, if you are trading from a short-term perspective, you can buy in the 1st section and sell in the 2nd section.


If you are going to buy from a mid- to long-term perspective, you can do split buying over the 1st and 2nd sections.

From a mid- to long-term perspective, the sell zone is around 427.2, and from a long-term perspective, the sell zone is around 564.3.


The stop loss for all trading strategies is 179.2.


The next period of volatility is around August 6th.

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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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