GekkoHP

What do you do when you encounter a chart like this?
$USTC

How to read the chart and forecast the price path with #PROS
✅ Reason for monitoring:
- Range D moving sideways for 19 days => could be accumulation
- Range D at the yellow arrow point may be a candlestick sweeping previous liquidity.
=> there might be a price increase phase.
✅ Reason for not buying yet:
- Resistance near range D in the yellow box
=> Need to wait for the price to break through this resistance or poke through all the liquidity
👉 Price forecast according to the white line drawing.
If the price breaks through the resistance like the white line => wait to buy in.
✅ Entry point:
-

Signs of selling.
- Moving sideways in the high price zone, then sharply spiking down.
- RSI divergence on the larger timeframe, here on the daily chart.
But these guys don't have futures.

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 th

$ID It seems to be good quality
- Converging 3D frame
- Volume is also gradually increasing, it looks like accumulation.
Expected price to rise to the base area
The entry here is quite close, right at the bottom

$BILL Price rising, volume decreasing, selling candles.
=> Take-profit signal

$GPS shows signs of breaking the wedge