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LOST MONEY, JUST BECAUSE OF CARELESSNESS
When analyzing this $SIGN , I was too subjective, only considering 2 factors
- 1: The RSI indicator on the daily frame is below the 30 level for a long time => oversold
- 2: Small price range, small volume => thinking it's accumulation.
From there, I decided to LONG and LOST MONEY.
Looking back, I was completely wrong because there was no trend reversal signal on the smaller frame.
But currently on the H4 frame, I see a quite promising sign.
- H4 frame convergence
- The nearest base zone has been tested
=> what I need is to wait for the price to break through the base => trend reversal signal.
=> wait for a test and enter the trade.
Now, just waiting for the market’s response.
Note: This is a case sharing the mistake in trading and the solution, not a call to buy or sell.