90% of novice traders trade each candle as if it were their last. Professional traders look at the 200 Moving Average.
Why is this so important? Because when the price hits this line, one of two things happens: an epic rebound or total capitulation.
To go long with a high probability, I look for a specific confluence between the 20 and 50 MA, but only if the 200 is acting as a floor. Without this, you're just guessing.
Pro Setup:
Trend Filter: MA 200 (Direction)
Entry Trigger: [Your strategy here]
What indicator do you use to confirm that the MA 200 support is going to hold? Tell me your secret below. 🛡️
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