Still Learning
I have been learning how to trade using Support and Resistant and also looking at the price action to decided when to trade. Then I found @forexbrokr post and his Technical Analysis.
And this is my first TA I done, following his trading style and technical analysis.
I try on XEM-BTC at the moment, and there are alot i need to learn and to catch up. Have you comment on the trade.
The price has manage to break the Daily Resistant on the second blue line that I draw. I should have made it into a zone, but can't really understand how the tradingView works. lol
After breaking the resistant, it make a new small zone in the hourly time frame, which you can see in the arrow.
Now it has come back into that zone again which then provide us an opportunity to go long, with the target price at the next daily resistant on the third blue line.
I have not traded this TA yet, as I don't understand how the futures or margin trade works on binance. which is a bit sad isn't it?
so how do you think the price will playout?