In Bitcoin trading, understanding zones is crucial. The key to profitable trading lies in purchasing within the dip of a zone. Before doing so, it's important to identify the last all-time high and establish a zone around it, envisioning it as a box.
The optimal buy position often resides in the lower-right corner of this box or during a breakout. This strategy avoids getting trapped in the middle, which can lead to prolonged waiting and potential mistakes. I hope this insight proves helpful to you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.