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Filecoin (FIL) – May 5 for BINANCE:FILUSD by readCrypto

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( FILUSD 1W chart)

(1D chart)
We need to see if we can get support from 134.1182676-148.3290873 and break off the downtrend line.

If it falls at 105.6966265, you need a Stop Loss to preserve profit or loss.

However, it may rise along the uptrend line, so careful trading is necessary.

It remains to be seen if volatility around May 7 could break the downtrend line.

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( FILBTC 1D chart)

We have to see if we can get support from the 23426 Satoshi-25690 Satoshi section and climb above the 32482 Satoshi point.

If it falls at 18899 Satoshi, Stop Loss is required to preserve profit and loss.

If the price remains above the downtrend line, it is expected to rise.

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It is advisable to trade at your average unit price.

This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.

So, it’s important to be aware that the indicator moves accordingly with the movement of price and volume .

Just for convenience, we are talking upside down for interpretation of the indicators.

** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.

Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)

** Check support, resistance and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart

R: A point or section of resistance that requires a response to preserve profits

S-L: Stop Loss point or section

S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they do not trade 24 hours a day.

G1: Closing price when closed

G2: Cigar at the time of opening

(Example) Gap (G1-G2)

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