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(SOLUSD 1W Chart) - Mid-Long-Term Perspective
Support and resistance are weak due to a sharp rise.
As such, careful trading is always required.
If the price is maintained above the 19.04-24.56 range, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 108.38 point, which forms the high point, it is expected to create a new wave.
Since it is a chart formed by a sharp rise, an upward movement may occur after touching the 61.44-72.85 section, so you need to think about how to respond.
(1D chart)
First support section: near point 143.76
Second support section: 120.0-127.92
The first and second support zones are short-term support zones.
Accordingly, it is a section that responds to the average unit price of one's purchase.
A short-term stop loss is required if the price falls from the 120.0-127.92 zone, the second support zone.
First resistance section: 159.60-167.52
Second resistance zone: near 179.45
I think the second resistance section is the psychological resistance section.
Therefore, if the price is maintained above the first resistance level, it is expected to break above the second resistance level and rise above the 191.28 point.
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(SOLBTC 1W Chart) - Mid-Long-Term Perspective
Careful trading is required as the support and resistance sections are weak due to the sharp rise.
If the price holds above the critical 0.0008297 point, we expect the uptrend to continue.
(1D chart)
Changed the pick point for the Fibonacci retracement indicator due to the sharp rise.
First support interval: 0.0027833-0.0031241
Second support section: near 0.0021015
The role of the support section is weak due to a sharp rise.
Therefore, careful trading is always required.
A short-term Stop Loss is required if the first support is falling.
Resistance section: near 0.0037857 point
Since it is a volume profile section that is about to be formed, the role of resistance is also expected to be weak.
However, since the psychological factor can be excluded, if the price rises above the 0.0037857 point and maintains the price, it is expected to continue rising in anticipation of further rise.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(SOLUSD 1W Chart) - Mid-Long-Term Perspective
As such, careful trading is always required.
If the price is maintained above the 19.04-24.56 range, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 108.38 point, which forms the high point, it is expected to create a new wave.
Since it is a chart formed by a sharp rise, an upward movement may occur after touching the 61.44-72.85 section, so you need to think about how to respond.
(1D chart)
First support section: near point 143.76
Second support section: 120.0-127.92
The first and second support zones are short-term support zones.
Accordingly, it is a section that responds to the average unit price of one's purchase.
A short-term stop loss is required if the price falls from the 120.0-127.92 zone, the second support zone.
First resistance section: 159.60-167.52
Second resistance zone: near 179.45
I think the second resistance section is the psychological resistance section.
Therefore, if the price is maintained above the first resistance level, it is expected to break above the second resistance level and rise above the 191.28 point.
---------------------------------------
(SOLBTC 1W Chart) - Mid-Long-Term Perspective
If the price holds above the critical 0.0008297 point, we expect the uptrend to continue.
(1D chart)
First support interval: 0.0027833-0.0031241
Second support section: near 0.0021015
The role of the support section is weak due to a sharp rise.
Therefore, careful trading is always required.
A short-term Stop Loss is required if the first support is falling.
Resistance section: near 0.0037857 point
Since it is a volume profile section that is about to be formed, the role of resistance is also expected to be weak.
However, since the psychological factor can be excluded, if the price rises above the 0.0037857 point and maintains the price, it is expected to continue rising in anticipation of further rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
