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1 H TRADE

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English Explanation
Indicator: 1 H TRADE
This indicator is designed for altcoins on a 1-hour (1H) timeframe, using SMA (Simple Moving Average) multipliers and TTA (Trend Tracking Average) to analyze price movements.
Usage Method
Timeframe: Use only on 1H to capture short-term altcoin fluctuations.

Buy Signals: Green lines (dark green = stronger, light green = weaker) indicate buys when price drops below.

Sell Signals: Red lines (dark red = strongest, others weaker) and TTA above price suggest sells.

Support/Resistance: Green lines are support, red lines are resistance for entry/exit points.

Confirmation: Verify with RSI, MACD, or volume, especially in overbought/oversold conditions.

Things to Pay Attention To
Market Conditions: Altcoin volatility and news (e.g., regulations) can affect prices.

Overbought/Oversold: Price above top red line = overbought; below bottom green line = oversold.

Risk Management: Set stop-loss and take-profit; risk no more than 1-2% of capital.

Testing: Test on TradingView’s strategy tester or demo account first.

Recommended Strategy
Buy: Enter when price nears dark green line with rising volume and RSI > 30.

Sell: Exit when price hits dark red line with volume support.

Wait: Watch TTA crossovers for potential trend shifts.

A powerful tool for short-term altcoin trading, best with disciplined analysis.


Penafian

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