Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.
We broke down from the trendline after the touch of the resistance zone. Now its very important to have 2 scenarios ready:
1. If we get confirmation to go lower then we take it
2. If we get above the TL and resistance it means that the breakdown was fake and the move upwards will be very strong:
Wonderful short confirmation at the top of the range, exactlty where we know to look for the reversal setups. Remember that for the good reversal setup we need price to reach the top of the range, therefore there has to be a day or two of price going up, before it reverses back down. It is important to follow your plan and go short, even thought most people around you will be telling you that the markets are finally rewversing and going up, as a trader you must always follow your plan and block out all the noise and unqualified advice around you.
If you would like to know more and learn how to trade, join our Platon Trading Academy.
Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.