getting set for the new week
Let's recap and summarize the key strategies in a concise bullet-point format:
Intra-day to Weekly Trading Strategy:
Monday Range Formation: Wait for the formation of the Monday trading range; this is the primary range for trading.
Highs and Lows: Observe that the highest and lowest price levels for the week won't usually occur on Monday.
Target Entry: If, for example, on Tuesday, prices break below Monday's lows and then return within the weekly range, consider retesting Monday's low as an entry point with a target towards Monday's highs.
First Two Hours Indicator: Pay special attention to the market behavior during the first two hours of the trading day, as it can provide valuable insights, as demonstrated in the recent DYDX example.
Trend Reversals: If Tuesday and Wednesday show a downtrend, watch for potential reversals on Thursday and Friday, and vice versa.
Confluence Indicators: Consider adding the 50EMA (Exponential Moving Average) on both 1-hour and 4-hour charts as additional confluence indicators to support your trading decisions.
Trading Selection Tip:
Focus on cryptocurrencies that offer favorable risk-to-reward ratios when considering your trading opportunities.
These summarized bullet points provide a clear overview of your trading setup and confluence factors, helping you stay organized and make informed trading decisions.
I hope this is clearly
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
Congrats on providing Proof of Activity via your Actifit report!
You have been rewarded 32.51 AFIT tokens for your effort in reaching 6892 activity, as well as your user rank and report quality!
You also received a 0.86% upvote via @actifit account.
AFIT rewards and upvotes are based on your:
To improve your user rank, delegate more, pile up more AFIT and AFITX tokens, and post more.
To improve your post score, get to the max activity count, work on improving your post content, improve your user rank, engage with the community to get more upvotes and quality comments.
Actifit shared its growth plans for 2023 with focus on hive services and integrations. Please vote now for our DHF proposal in support:
Vote on peakd
Vote on ecency
Vote on Hive wallet
Vote via hivesigner
Chat with us on discord | Visit our website
Follow us on Twitter | Join us on Telegram
Download on playstore | Download on app store
Knowledge base:

FAQs | Whitepaper
How to signup | Maximize your rewards
Complete Actifit Tutorial
Actifit supports cross-chain decentralization. Support our efforts below by voting for: