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Trading Basics | How to Draw Trend Lines?
To identify trends in trading, you must first learn how to draw trend lines! Two points make a line, the more contact points, the more reliable 👇 Drawing tips
• Uptrend Line: Connect the successive higher lows, the validity of support depends on the number of contact points
• Verification: The more contact points (price tests without breaking below), the stronger the trend | Practical application
• In an uptrend, a pullback to the trend line can be a low entry point; a break below may indicate a trend reversal
• The same applies to downtrends, connect the successive lower highs, and if a rebound encounters resistance, consider shorting $BTC $ETH #GateFun马勒戈币暴涨1251.09% #Gate广场创作者新春激励 $BTC