Using Lower Timeframes to Confirm Higher Timeframes
Ethereum / TetherUS PERPETUAL FUTURES BINANCE:ETHUSDTPERP
If you are in a SHORT, as per the 1 Hour Chart, but you are unsure, and see some Bullish momentum upwards, make sure you look at the lower timeframes on the 1 minute / 3 minute / 5 minute / 15 minute.
Quite often, if you see a breakdown on these timeframes, it will confirm the lead for the 1 Hour move. You can either open a Short here or hold if you were worried and were thinking about closing.
IMPORTANT:
Do NOT close your Short just because you are seeing green candles.
CLOSE the Trade manually if you are seeing a breakout on dynamic trendlines on Lower trendlines and a “BUY”.
