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When to short at resistance?
To know whether to short at the resistance or long at the break out, one has to look the PA/Chart and see how it reached the resistance zone
#LearnWithNoan
When to short at resistance?
To know whether to short at the resistance or long at the break out, one has to look the PA/Chart and see how it reached the resistance zone
#LearnWithNoan
In the given example the coin pumped about 17% after the last retest on the trendline support and 7% pump from the last minor consolidation.
In this scenario there is a 70% chance of the coin getting rejected at the resistance with or without a wick above the resistance
Instead if there was a consolidation close to resistance, it is likely to break out up,
here you have to wait for break out either side.
here you have to wait for break out either side.
Another scenario is that the coin moving along the support until it reaches the resistance, here if you wait for break out and you can print either side
#LearnWithNoan
#LearnWithNoan
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