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kiseiju
Crypto Newbie
10-20 22:57
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There's also this $4... It's clearly being continuously suppressed by the moving average, creating "lower highs" and establishing a downward trend. However, at the two red boxes, one low breaks through the stop-loss orders of most retail investors, and then another red box forms a "higher high," negating the downward trend indicated by the eight red arrows, creating a tangled pattern. At this point, it's time to observe whether the previous moving average is valid again. A valid indicator is whether the price rebounds strongly after a pullback or nears the moving average. If there is a strong rebound, enter the market on the second pullback. If there is no strong rebound and the price repeatedly crosses the moving average, it should be blacklisted for short-term trading. *Don't treat your attention as a silent cost*
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