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Yesterday I discussed a simple trading setup that is very powerful and effective.
This article is a continuation of yesterday's post because I happened to use this setup when trading on one of the altcoins, namely, Solana.
Let's just review a powerful setup killer that you should try!
Yesterday we discussed SNRC1, and this time it is the same as SNRC1, relying on support and resistance, but with a slightly different pattern from the SNRC1 type, namely SNRC2.
SNRC2 is an impulsive continuation pattern in the market. This setup will be very powerful if you see yourself making very impulsive movements.
Because usually this pattern appears to continue the trend.
You can see and focus on the very impulsive price movements that I marked in the range box.
Of course, it will be very difficult for us to trade the appropriate position in a strong impulsive trend like this.
However, there is an SNRC2 setup that is formed in this range. And that is a sign of more impulsive movements in the future.
The same thing as SNRC1, SNRC2 also relies on resistance support.
I dissected the chart again on the Solana pair in a smaller time frame.
And you can see I marked it with the thick black line as SNRC2 in the image below.
After that, I zoomed in, and you can see that there are two resistances that have been broken in the picture above, and the price continues to move upward impulsively.
This is, of course, an entry area because there is an SNRC2 pattern.
When a pattern like this occurs, we can change it to a line chart to be sure that this is SNRC2.
Furthermore, we can mark the area between R1 and R2 as shown in the picture below as our entry position.
Next, we go to the candlestick chart, and we can see that the price entered the entry zone and managed to penetrate the previous high very impulsively.
Conclusion |
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Basically, if you can find out killer setup patterns like SNRC2, your opportunity ratio for making profits in the market will be wider.
But I still use a small risk, as in trading results, I use risk. Because the market could say something else.
Dear @gitshock.trading ,
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This is an interesting post that you have made, but don't you trade the smart money concept again?
Now Engage, Connect, and Inspire Each Other to Reach New heights.
Thank You.
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thanks bor for your feedback, i'm combine the SMC with the fantastic 5 setup. cause fantatic 5 setup it work when market going strong trend.
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Thank you, friend!
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Upvoted! Thank you for supporting witness @jswit.
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share via twitter
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BG ukuran SL nya berapa, umumnya di gunakan dalam setup SNRC2
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diatas high sebelum nya untuk short. kalau untuk long di bawah swing low.
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