Screenshot from IQoption.com Time Frame 1H Monero
Graph Analysis
The green line which is going down is resistance line also the horizontal line (thicker green line). Red line is support line.
Short position
If price will go through red line then you should go into short positioning till another support line or when you are happy with profit.
Long position
It's good when the price went through thinner green line. It could mean that price will go into Long position but we should wait how it will go with that channel price. If price go also through thicker green line you should go to long position.
Summary
Don't risk all money's from your capital just only maybe 3-7% just have in mind I'm here just for make estimates i cannot say this will happen on 100% nobody can and also nobody will give you money back. Stocks exchange is very hazardous. Take this article just for help I'm just showing you how I should enter to trade !! I'm not responsible for your loses of your money !!
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspirate from me !! But if you lose money i will not give you money back and noone will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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