TraderSumo

TraderSumo

06-04-2022

14:36

People tend to be incredibly bad at understanding how levels work because they don't understand how trend works, and also because they can't define a trend. 1. Identify the current trend where the price is currently located within.

2. Ask yourself are there any other trends relative to the current, which could also offer important levels that would hinder the current progression of trend.

3. How would I find out where the price is likely to go next? Find the support of your current trend...

If your logic looks different, it's probably why you struggle to properly read a chart.

If they get frisky with 43K, and because $BTC is a trash product when considering it's liquidity issues, I'd be looking at red next... but this is getting into the weeds now.



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