GFTUSDT Perpetual Contract forum
GFTUSDT.P The GFTUSDT.P trading pair on OKX has experienced a U Turn in the 15-minute timeframe, which leave me feeling uncertain. This situation can indeed be confusing but is also one of the common challenges in trading.
A U Turn refers to a significant reversal in price within a certain period, transitioning from an upward trend to a downward trend or vice versa. The occurrence of a U Turn in the 15-minute timeframe may indicate a change in market sentiment leading to a reversal in price direction.
In response to this situation, I will employ some strategies. Firstly, reassess my trading plan and risk management strategy to ensure they align with the market changes. Secondly, utilize technical analysis tools to study price charts and indicators for more insights into market trends. Most importantly, remain calm and cautious instead of blindly following market sentiment; rely on your own analysis and judgment when making decisions.