Cryptocurrency Q&A
What is the 1 2 3 trading method?
What is the 1 2 3 trading method?
EchoSoulQuantum
Sat Oct 26 2024
|
5 answers
827
I've heard about the 1 2 3 trading method in the context of financial markets, but I'm not sure what it entails. Could someone explain what this method is and how it works in trading?
5 answers
Andrea
Sun Oct 27 2024
The 123 setup is a technical analysis tool that utilizes three pivot points.
Was this helpful?
114
77
GangnamGlamour
Sun Oct 27 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a wallet service. With its comprehensive platform, BTCC caters to the needs of both retail and institutional investors.
Was this helpful?
113
82
GeishaMelody
Sun Oct 27 2024
The core of the 123 reversal pattern lies in the confirmation at Pivot Point 2. This point is crucial as it signals a potential change in the market trend.
Was this helpful?
201
81
SsangyongSpiritedStrengthCourageBravery
Sun Oct 27 2024
When trading using the 123 formation, traders aim to target a distance equal to the size of the pattern. This distance is measured from Pivot Point 2.
Was this helpful?
265
73
Eleonora
Sun Oct 27 2024
In order to manage risk effectively, traders should place their stop loss beyond Pivot Point 3. This ensures that if the market moves against their position, they will be able to exit with minimal losses.
Was this helpful?
134
79
