AXS, how to trade using KEY LEVELS? FREE education!
Key Level. How can a common tool help you to earn more? Let's take Axie Infinity (AXS) as an example!
A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers.
On the chart we have marked two key levels:
1. lower (for longs) - $44.68
2. upper (for shorts) - $72
When to open a trade:
1. on a test of the key level as support or resistance;
2. on false breakdown of the level.
IMPORTANT: IN BOTH CASES, VOLUMES MUST INCREASE! It`s an indicator that a big player opens a trade too!
Using the KEY LEVELS you could earn: +62%, +62%, +38%. Risk to reward for these trades from 1:7 to 1:14(!). It's a good statistic, right?
If you still have questions how to use the key level and what tools can be used to increase your profitability - write in the comments or to the DM.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
A key level is a local minimum or maximum. It can be clearly marked after a BIG price movement up or down (points of extremum). Key levels are often the price of 1, 10, 50, 100 dollars, because many traders pay attention to this numbers.
On the chart we have marked two key levels:
1. lower (for longs) - $44.68
2. upper (for shorts) - $72
When to open a trade:
1. on a test of the key level as support or resistance;
2. on false breakdown of the level.
IMPORTANT: IN BOTH CASES, VOLUMES MUST INCREASE! It`s an indicator that a big player opens a trade too!
Using the KEY LEVELS you could earn: +62%, +62%, +38%. Risk to reward for these trades from 1:7 to 1:14(!). It's a good statistic, right?
If you still have questions how to use the key level and what tools can be used to increase your profitability - write in the comments or to the DM.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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