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Tuesday, June 4, 2024
Monday, June 3, 2024
June 03, 2024 at 10:50AM TRADE The CHOP: 3 Ways to Make ATLEAST +15%
TRADE The CHOP: 3 Ways to Make ATLEAST +15%
SHIB / TetherUS BINANCE:SHIBUSDT
Choppy markets are identified by low volume and sideways trading / range trading. It seems uninteresting in most cases, but you don't have to sit around and wait for the next big impulse wave!
Here are three plays YOU can take during choppy markets:
1) 4H : Short Resistance
Chop trading can be a blessing - the price often touches the same support zone and the same resistance zone 2 - 3 times, before breaking out either way. This means that if you spot your zone early, you could take a short timeframe swing trade. Another way to find a trade is to look for gaps in the candles:
2) 4H : Long Support
South Africa is in a time of turbulence, and the Rand is weak as the country anticipates who will join forces to govern in the next two weeks. Analysts are expecting the Rand to hit R20 per USD as investors shy away from uncertainty.
But we can keep it modest and low risk with a 10x TP at R19 😉
3) Daily : SPOT Hold to TP Zone
Nothing like a classic low risk trade - but you may need some patience with it! If you're not willing to look at charts all day, or have alarms wake you up at 2:30am to take a trade then this is your style.
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USDZAR 
SOLOUSDT 
PYPL 
SHIBUSDTJune 03, 2024 at 09:42AM SHIB recently tested the support uptrend line
SHIB recently tested the support uptrend line
SHIB / TetherUS BINANCE:SHIBUSDT
SHIB recently tested the support uptrend line and the $0.00002400 level, and the price bounced from this level. Observing this price action suggests a potential move towards the resistance area at $0.00002670.
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