#powerusdt Recently learned about Chan Theory and became interested in clone versions of market trends. The first thing I noticed was a long upper shadow; this level may repeatedly serve as support or resistance. Additionally, when judging the trend in a oscillating market, two points can be used: when the price rises from a low point and the amplitude decreases, pressure or support levels are more likely to be broken through. Reversals can be judged based on divergence in line segments, increased amplitude and volume at high levels. The first support is the lower boundary of the oscillation range, and the second support is the 15-minute midline.
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#powerusdt Recently learned about Chan Theory and became interested in clone versions of market trends. The first thing I noticed was a long upper shadow; this level may repeatedly serve as support or resistance. Additionally, when judging the trend in a oscillating market, two points can be used: when the price rises from a low point and the amplitude decreases, pressure or support levels are more likely to be broken through. Reversals can be judged based on divergence in line segments, increased amplitude and volume at high levels. The first support is the lower boundary of the oscillation range, and the second support is the 15-minute midline.