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@ -208,16 +208,6 @@
* vice versa for a downtrend
### How to trade with trends
1. Identify the market trends
2. ask where are the main areas of trade
3. where is support and resistance?
4. any chart pattern?
5. make your entry based on the daily trade action
6. is the candlestick telling us that the trade will go in the direction of our trade?
7. is the trade bullish or bearish based of candlestick patterns?
### Moving averages
* SMA: arithmetic mean of prices over a given time period
@ -239,12 +229,24 @@
* can be used to set our stop loss and give the trade some breathing room
----
## How to trade with trends
1. Identify the market trends
2. Ask where are the main areas of trade
- where is support and resistance?
- any chart pattern?
3. Make your entry based on the daily trade action
- is the candlestick telling us that the trade will go in the direction of our trade?
- is the trade bullish or bearish based of candlestick patterns?
### Trading tools:
* [Tradingview](https://www.tradingview.com/)
* [Tokenmetrics](https://tokenmetrics.com/)