Seems like a lot of traders are stuck on those small time frames for their analysis. Just a heads up, those small time frames should only be used for making entries and tweaking things right before you enter a trade. It’s way better to focus on higher time frames like 1h, 2h, 4h, or even 8h. Look for your clear break of structure, changes in character, and any inducements.
And don’t forget, discipline is super crucial for success.
stop loss struggles, why?💔
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depends, if I use high leverage like 100x I'd use smaller timeframe because I can't afford to keep floating loss from the wide price action.
if I use only 3-5x I'd use daily time frame and make the SL accordingly to give toleration to the risk.
it honestly all boils down to your strategy against the market, all time frame works as long as you know how to use it.
I mentioned it as an analysis to make decisions in the short term or in the long term when you want to trade in the market. Because looking at market data that has occurred in 1 hour, 2 hours, 4 hours, or 8 hours before making a purchase price entry is something that should be done in order to find out how a coin has moved in recent times. So every step we will make ourselves when we want to do something including work like trading, of course there must be a prior examination of the market and also the coin we want to buy so that we don't make an entry at the wrong level.
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