One thing I'm not fully comfortable with.. is the lower high because the high was lower the the previous high or the 2nd newest previous low? π€ (this particular case seems to be both, but in general)
Yeah, that made me hesitate a bit as well. I usually start the analysis with higher time frames (such as 4h or 1d) and then move on to lower time frames. If HTFs are still valid, the trade should be more solid.
That makes sense! I must try my skill-level at some point doing all that π
Everything is done is HL via non-custodial wallet, right? (at least that's what's I've understood so far)
The lower high could be a signal of a breakdown. I'd say it's a good decision from you ππΌ
!BBH
Exactly. That was my reasoning, a clear downtrend.
I'm getting better π
!BBH
Yes! I noticed that! ππ
One thing I'm not fully comfortable with.. is the lower high because the high was lower the the previous high or the 2nd newest previous low? π€ (this particular case seems to be both, but in general)
Yeah, that made me hesitate a bit as well. I usually start the analysis with higher time frames (such as 4h or 1d) and then move on to lower time frames. If HTFs are still valid, the trade should be more solid.
That makes sense! I must try my skill-level at some point doing all that π
Everything is done is HL via non-custodial wallet, right? (at least that's what's I've understood so far)