Method 1: Find important resistance or support bands in the near future. When we judge a good direction, such as buying up. At this time, we can find the corresponding support level as the reference price for our entry point. If the exchange rate reaches this support level and fails to break through, we can buy here. Otherwise, we can look at the next support level.
Method 2, near the tangent position. This situation is when the graph breaks out of a breakthrough form, and after the exchange rate breaks through, it returns to a test near the breakthrough tangent line. At this time, making a breakthrough along the tangent line will be a good time to enter the market. At the same time, place a stop loss on the other side of the tangent line to avoid false breakthroughs in the exchange rate.
Method 3: Wait for short-term MACD divergence. The short-term divergence referred to here is generally the MACD divergence in the 5-minute or 15-minute K-line chart. When we want to buy upward, we must pay close attention to the bottom divergence of MACD in the short-term chart when it pulls back. When the bottom divergence is made, it should be a relative low. Buying near this point is considered Suitable entry opportunities.
With the above three methods, you will definitely be able to find the right spot