RE: What does Support and Resistance really tell you?

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What does Support and Resistance really tell you?

in trading •  8 years ago  (edited)

Do you use the same method for trading low volume coins? And do you use sideways base(like trendlines serving as support) if the coin is in a longterm uptrend/downtrend, or are these not fit for this method?

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I dont use the same method for low volume coins.. low volume coins are soo bouncy that you can just try to buy the lows and sell any pop.. its not the same, but since the volume is low you can only take small positions, so there isnt much risk (or profit).. and no I never use trendlines.. never

I would be great if you explained this strategy in your videos :)

He does a bit. Keep watching and rewatching. Search the video transcripts to find spots where he addresses what you want to see.