"When All Indicators Fail, I Rely on 'Price Action' to See the Truth of the Market"

After experiencing major events like 519 and 312, I found that no matter how good the indicators are, they will fail. The only reliable thing is to return to the most fundamental price action analysis.

My price action trading framework:

1. Identify key positions
· Daily manual drawing of support and resistance lines
· Mark the previous highs and lows and the areas of dense trading
· Record the volume characteristics of breakthroughs/fake breakthroughs
2. Wait for confirmation signal
· pin bar
· Engulfing pattern
· Internal day breakthrough
3. Develop a trading plan
· The profit-loss ratio is at least 2:1
· Set stop-loss on the other side of the key level
· Move the stop loss to break even after profit reaches 1x R

Recently, I applied this method on SOL, entering the market when a bullish pin bar appeared at a key support level, making a profit of 42% in 5 days. The most important thing is that I did not use any complex indicators during this process.

After three months of persistence, I found that my understanding of the market has completely changed. Now, even without looking at any indicators, I can have a good feel for the market. #PI #BTC #ETH #GT #DOGE