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You need to make sure you can get support at point 5.314.
You’ll also need to climb above the 5.443 point to see if you can get support.
We have to see if we can create a big wave by stocking up force while moving sideways in the 4.684-5.443 section.
If it falls at 5.314, it is a short-term Stop Loss.
If it is supported at 5.443, it is expected to rise above 6.604.
If it falls at 4.684 point, you need Stop Loss to preserve profit or loss.
** All indicators are lagging indicators.
So, it’s important to be aware that the indicator moves accordingly with the movement of price and .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing indicator.
Hence, the interpretation is the same as the conventional indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, , and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)