ETHUSD: Dealing with Overextension | Knowing When To Stay Away

Let's talk about a common problem many traders face:

Jumping into trades too late or bailing out too early.

In this top-down we'll focus on how you can potentially avoid trading in a consolidated market and help you determine whether you should or should not be trading a market by utilizing multiple timeframes.

I'll walk you through on how using multiple timeframes can help you spot when the market is stuck in a rut and when it's best to sit tight and stay away from trading a market.

This way, you'll have a better grasp on when to make a move and when to hold back, helping you to minimize those pesky losses.

12M:
6M:
3M:
1M:
2W - 1W:
3D:
1D:

💙 | If you have any questions or need further clarification, feel free to ask. I'm happy to help and ensure you fully understand the analysis especially from a mechanical standpoint of approaching the market.