when it goes below rsi 30 it's a buy signal, when it goes way above 70 it's a sell signal, that one is giving today
check bigger time frames before entering, if it's above the mid average (orange line) it's an up trend you have better chances of making such trades, if it's under you're about to catch falling knives
next hour it's gonna consolidate and going back to the mid average, catch it once it bounces on it on 5m or 15m chart
Here we have Eugene bouncing on the 15 min chart, hitting the lower band, strong indicator it's gonna go on the upside once more Checking the 5 second charts, one entry was not that great the other one was good, why ? the second one was the best because it coincided with the bounce on the 15 min chart. Always zoom out
Look at it as a bunch of russian dolls, the 5 min chart is withing the 15 min chart, and within the 30 min chart and within the 1H chart etc, find the time frame where bollinger bands just appeared recently it's the bigger doll, it's the one leading, if it bounces on strong indicators like mid average or lower band, all the other small time frames will follow suit and you can accumulate or do trading "safely"
but it could also goes back to the mid average on the bigger time frame like the 1H chart here, gotta follow your guts, if the coin is hyped or popular smaller time frames will do the trick
go back* i don't know how to write sry
don't look for the 100x, if the coin is still alive and good you'll always have entries, aim for the mid average bounce in that case
when you're trading you don't aim for maximum profits you just make profits and you never feel bad after a good trade doesn't matter if it goes up more
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