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Recently, while reviewing the trends of #特朗普撤销农业产品关税 and $BTC , I found that many frens still have misconceptions about how to draw trend lines.
In fact, a trend line is not just about connecting two points randomly; the key is to find valid support and resistance levels. My habit is to connect at least three low points for an upward trend and three high points for a downward trend, and there should not be any obvious false breakouts in between.
$ETH The current trend is very classic, the weekly level uptrend line has been maintained for several months, and every pullback is a good layout opportunity. $BTC is relatively weaker, but the trend line is still effective.
Drawing trend lines is just the first step; what's more important is to look at them in conjunction with trading volume and candlestick patterns. Relying solely on trend lines can easily lead to being educated by the market; multi-dimensional verification is more reliable. How do you all usually use trend lines?