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You should check if you can keep the price above 11516.5 points.
We will also see if it can rise above the uptrend line (1).
If you drop at 11516.5, you need to see if you can get support at 10968.
You should check the price location after the time shown in the chart (August 13, 17:00 (UTC), August 14, 02:00 (KST)).
(1D chart)
Check the support and resistance points or sections.
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(USDT Dominance 1D Chart)
(UTC)
(KST)
It belongs to the period of volatility between August 10-16.
During this period of volatility, I think it's a good idea to stop trading for a while and check the market flows, except for minimal trading to preserve profit and loss.
I think it is a good idea to check the flow until around August 16 (August 15-17), when the volatility period ends.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You should check if you can keep the price above 11516.5 points.
We will also see if it can rise above the uptrend line (1).
If you drop at 11516.5, you need to see if you can get support at 10968.
You should check the price location after the time shown in the chart (August 13, 17:00 (UTC), August 14, 02:00 (KST)).
(1D chart)
-------------------------------------------------- ---------
(USDT Dominance 1D Chart)
(UTC)
During this period of volatility, I think it's a good idea to stop trading for a while and check the market flows, except for minimal trading to preserve profit and loss.
I think it is a good idea to check the flow until around August 16 (August 15-17), when the volatility period ends.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from 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/
(UTC)
During the Sideways period, we have seen support at the uptrend line (2) twice.
You need to see if you can gain support and rise at the uptrend line (2) after the time shown in the chart.