$BTC $PENGU ~ Tip for those who don't know how to trade ~
1st Trace all the tops and bottoms that the chart has made in the past, with this you will have the support and resistance levels and see if in the past the crypto has respected these levels.
2nd Never enter the asset when it is between these levels, as it is a zone of indecision where the selling and buying forces are fighting.
3rd Your entry should happen when the chart breaks a resistance or when it finds a support (look at the past and check if these levels were respected), never forgetting the stop loss.
4th Be patient and always take into account the time frame in which you are trading, because even though in short periods the trend shows an uptrend, in longer periods it may be signaling a correction.
That's it, the basics of the basics... the rest with time you improve, the ideal is not to buy at the top and be distressed watching your capital melt away.
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I believe in semiotics, I changed the colors here a short time ago, I think it was positive.
LIVE
snakelayes
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Please I am begging you, if you are a beginner or even an intermediate, change the colors of the charts IMMEDIATELY! there is a very good reason why most exchanges and trading platforms use the colors RED and GREEN as default colors for the charts.
Because they are powerful emotional triggers, but not in a good way.
RED: is associated with loss wich can trigger fear in you and leads you to panic sell when the price drops.
GREEN: Makes you exited in an irrational way, which triggers the fear of missing out and leads you to impulsively buy more or hold what you have more than you should.
Also some experienced traders fall in this psychological trap.
PLEASE pay attention to those details .
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And as always, I wish you good luck in your trading .