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(QIUSDT 1M chart) The key is whether it can receive support and rise around 0.01550-0.01939.
If not, it is highly likely that the flow is to create a middle section in the form of a bottom.
(1W chart) Since the HA-High indicator is formed at the 0.02464 point, it is highly likely that the price will continue its upward trend if it rises above 0.02464 and maintains the price.
However, since a psychological volume profile section has been formed up to the 0.03732 point, a full-fledged upward trend is expected to begin only when it rises above this point.
If it falls below 0.01550 and shows resistance, it is likely to fall near the HA-Low indicator.
Currently, the HA-Low indicator is formed at 0.00736.
However, as the price falls, there is a possibility that a new HA-Low indicator will be created, so support near the HA-Low indicator is important.
(1D chart) The HA-Low indicator is formed at 0.01560.
Accordingly, the key is whether it can receive support and rise in the important area around 0.01550-0.01939.
If the price falls below the HA-Low indicator and shows resistance, there is a high possibility of a cascading decline, so a countermeasure is needed.
Since a volume profile section is formed at the 0.0122 point, you need to check whether you can receive support around this area.
The HA-High indicator is formed at 0.02715.
Since the HA-High indicator on the 1W chart is formed at the 0.02464 point, the 0.02464-0.02715 section is likely to be a resistance zone.
If it receives support in the 0.02464-0.02715 range and rises, it is likely that an upward trend will begin.
However, since the 0.03549-0.03732 section may again serve as a resistance section, a countermeasure is needed.
To trade by looking at this chart, you need to choose what is most important to you and decide on an appropriate investment period.
If the investment period does not suit your investment style, it is better not to trade.
The reason is that once you start trading, your psychological influence is likely to have a big impact on your trading.
In day trading or short-term trading, it is recommended to buy when support is confirmed in the 0.01550-0.01939 range and sell around 0.02464-0.02715, the first split selling range.
At this time, you must decide whether to sell 100% and receive a cash profit, or whether to sell the purchase principal amount and leave the number of coins (tokens) corresponding to the profit.
For medium to long term trading, I don't think it's time to trade yet.
The reason is that, as mentioned earlier, if it falls below 0.01550-0.01939, there is a high possibility of creating an intermediate section in the form of a bottom.
Therefore, it is recommended to proceed with a split purchase when support appears near the HA-Low indicator of the 1M chart or the HA-Low indicator of the 1W chart.
Therefore, it is most important to create a trading strategy that suits your investment style.
1. Investment period 2. Investment size 3. Trading method and profit realization method
You need to create a trading strategy based on 1-3 above.
Numbers 1 and 2 are to determine the investment period and investment size according to your investment style, so you can make your decision by analyzing charts and checking other coin ecosystems.
Number 3 is to decide on the detailed trading method when you decide to trade, so you must select the buying, selling, and stop-loss method and decide how to realize profits accordingly.
It is useful when conducting mid- to long-term transactions to reserve the number of coins (tokens) corresponding to profit rather than 100% selling.
This is because the purchase price of the coin (token) corresponding to profit is 0.
These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55
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