readCrypto

Support zone: 5.360-5.591 (select when to buy)

BINANCE:FXSUSDT   FXS / TetherUS
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(FXSUSDT 1D chart)
In the end, you can see that in order for a full-fledged upward trend to begin, it must rise above 17.289.

To do so, we must first check if there is any movement to rise above 11.749.

As it rises near the HA-Low indicator, it is located above the MS-Signal indicator, near 5.591.

Accordingly, we need to see if the price can be maintained near the current position until the MS-Signal indicator switches to a bullish sign.

Then, we need to see if we can gather the strength to rise above 6.905 and rise to 11.749.


If it falls below 5.360 and shows resistance, caution is needed as it may lead to a further decline.


(1h chart)
Since it is currently beyond the top of the box section of the 1D chart, it may be burdensome to buy.

Therefore, it is necessary to check the movement on the 1h chart to calculate when to buy.


Looking at the current 1h chart movement, it is in an upward trend.

Therefore, it is not easy to find the right time to buy because it is rising without time to form support and resistance points.

Therefore, it is best to wait until the price shows sideways action.


If you cannot wait, it is better to wait until at least one wave comes out.

For example, since the HA-High indicator is formed at the current location, the movement during wave 1 is checked based on this point.

This is because there is a possibility that a movement will occur at the same time, whether it is rising or falling.

Otherwise, if you buy right away, you will have to go through all the calm waves, so you may get tired before a full-fledged movement occurs and sell when it starts to show signs of rising.


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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using 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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