The first rule of business is to buy something at a low cost. ‘Buy low, sell high’ – It's a simple method! In the article below, I explain how you can do this easily. Wishing everyone great profits! 💰📈

If you've been diving into the crypto trading world, you might have heard whispers about the Monday High-Low Technique. But what's the fuss all about? Let's break down this strategy, which many traders swear by for setting up their trades for the week.
What is the Monday High-Low Technique?
This strategy leverages the price action from Monday's session to predict or set up trades for the rest of the week. Here's a simple rundown:
1. Identify Monday's Range: Track Monday's highest high (HH) and lowest low (LL). These points often act as psychological barriers for the rest of the week.
2. Setting Targets:
- Using the Range: Measure the length from Monday's low to high. This range can be projected above the high or below the low as potential targets.
- Fibonacci Levels: Apply Fibonacci retracement from HH to LL. The 1.272 extension, for instance, might serve as a target if the market breaks out.
3. Key Levels for Trades:
- Sweeps and Reversals: Watch for price sweeps past either Monday's high or low. If price action suggests a reversal after touching these levels, it could be a signal for a trade in the opposite direction.
- Liquidity Grabs: Sometimes, the market might sweep these levels to grab liquidity, then reverse, offering traders a chance to enter at favorable positions.
4. Strategic Entry and Exits:
- Entry: Enter trades when the price revisits or breaks through Monday's high or low, especially if there's a confirmed reversal pattern or signal.
- Exits: Set profit targets based on the projected range or use key support/resistance levels formed by Monday's price action.
Why it Works (Sometimes):
- Market Sentiment: Mondays often set the tone due to weekend news or market sentiment shifts, making its highs and lows significant.
- Liquidity: These levels are where traders might have set stops or limits, providing potential liquidity that could be exploited.
- Behavioral Patterns: Traders and algorithms might react similarly to these levels, creating patterns that can be capitalized on.
Caveats to Consider:
- Not Always Accurate: The market doesn't always respect Monday's levels. Sometimes, broader market trends or news can override these patterns.
- Risk Management: Always have a stop-loss. If the market moves aggressively against your position, having a stop can save you from significant losses.
The Monday High-Low Technique isn't a magic bullet but a tool in your arsenal. It's about understanding market psychology, where traders might be placing their orders, and leveraging that for strategic trades. Combine this with other analysis like trend analysis, volume, and broader market conditions for better results.
Happy trading, and may your Mondays set the stage for profitable weeks! 🚀📈 #TechnicalAnalysis #magicintrading #Easysetup #mondayrange #futurestrading $SOL