How to Trade a Rebound from Levels: Full Screener Setup and Examples

[00:02] we will analyze in as much detail as possible how to trade a rebound from levels. How to find good information where to enter the entry point, stop take. How to behave in a position and how to set up a screener so that it shows good information on this

[00:17] Strategy. Many people have been talking about the slowness of YouTube lately, but in order to stay in touch and not get lost, we have a Telegram channel, we will leave a link to it in the description under the video. Here we post all the latest news and

[00:31] updates. We also have a Telegram chat where you can view the current settings, ask questions that interest you, share ideas, communicate with anyone interested. All links will be in the description under the video. Well, let's start trading a

[00:44] rebound from levels in different ways. You can take a rebound purely from the level, you can take a rebound from haov or love, and you can take a rebound from the levels at which the densities are located. Of course, for all the strategies that we have, the

[00:58] best suited are active coins, where there is money in the coins, people who trade them and, accordingly, people make decisions due to which we can earn. For example, we have some Density or some level,

[01:11] some structure, trend, and people also enter into trades, some against us, some with us. If we trade correctly according to the strategy, then of course we will make money. In searching for coins, the screener is very helpful. Here we can

[01:24] set up tabs for top growth, top volatility, and top by number of transactions. Based on this top, we take the top 5-10 coins and can then use them for our trading. According to the settings, we can use the following settings: select

[01:37] use the following settings: select an exchange, then filter by volume from 70 million to 100 billion from 70 to filter, then move on to the formation. For now, we skip them in these tabs. Next, sorting: the first

[01:51] tab is sorting by top growth for 24 hours, the second tab is sorting by volatility for 24 hours, and the third tab is by top by number of transactions for 24 hours. Then go to the chart tab. Here you

[02:04] can copy my settings; they are suitable for finding good levels. Our screener automatically marks levels, and it is quite convenient. I don't use trend levels and densities, we can also set this up so that

[02:17] good densities are shown to us. Next, in the indicator tabs, we can set technical data about the coin. Here you can set either the same settings or make an individual setting for yourself, after which we click save and

[02:31] get several workspaces in which we can view active coins. Let's analyze each of these situations. The first trade on the coin meme here we had a fairly good level with two clear touches, but

[02:43] if we open the glass at the level, we can see the density and the fact that next to this see the density and the fact that next to this density we begin to slow down

[02:55] my first part, this is just a beacon. To my first limit, I see that we have already come close to the density, I throw the rest of the volume

[03:11] on the market, I saw that here we somehow ate too much. Therefore, I decided to take just the minimum volume and take a short movement, as a result, we had a rollback to the floor. candles and on this I rolled back the decision to exit, I did not overpower, I took a

[03:25] short movement because here we still had a long trend and here I just took a small movement since we had a reaction to this density. Well, this is what this trade looks like. I managed to earn plus 0.6 pips

[03:38] here I did not plan to take full-fledged reversals, so I exited when we already stopped at the structure, so it was more correct to exit here next

[03:52] The trade will be on the sushi coin here I have already taken a clean rebound from the level of the coin we had a good active one. It grew very well and got into such a pro-trading situation we had two long levels in the form of our targets that we could

[04:07] gain and below we had a single low which was formed by several candles And from this low I was just planning to enter with the goal of reaching the long levels as a result I click the first part on the market and set my stop at the

[04:20] level I enter here in advance, therefore my Stop is not behind the level But at the level Because If we approach it, then most likely we will already have a breakout, the goal here is to take a rebound from the level. Well, we most likely slowed down

[04:34] before it because it is a structural level if we cross it. As a result, as we approach the level, I gradually add to the Stop position. I have a short, clear one here and I am not moving it anywhere. It approaches

[04:49] lower, lower, I can add at more favorable prices. As a result, we approached the level here and have been starting for minutes. We have already had a reversal movement and we approached longs. We approached them

[05:04] quite sharply and plus the activity during the approach disappeared, so I decided to exit the trade and did not overcome zero, just to the levels, that is, to the nearest resistance. But this is how this trade looks in the diary. It

[05:17] entered here on a rebound from the level and my goal was to reach the nearest levels that acted as resistance. As a result, I managed to take resistance. As a result, I managed to take almost 4% and earn plus $ 780.

[05:29] I was in the trade for only 5 minutes, the time frame was one minute, which allowed We can earn money in a short period of time. If you have any questions about the screener or you want to understand some topic or

[05:42] strategy. How can you trade using the screener? Then be sure to write in the comments. We read all comments and take into account the screener's further development. Thank you all very much. The

[05:57] helps a lot since we have an automatic detection of slope and density levels. In order to select good coins and formations, you can use the settings that I showed

[06:09] before. Well, in order for good formations to be shown to us where we have a level plus density, we can use this setting. Go to the workspace settings here, select the exchange on which you trade.

[06:22] Next, select a filter here if you need one. In principle, for rebounds from densities, you can not use this filter. I have also highlighted coins here where we have spam AI and densities or where we have a large enough price step.

[06:37] I also have a volume filter here, it reaches 2 billion so that densities are not shown on Bitcoin, Ethereum, and other super liquid coins. Next, go to the formation tab. Here I have selected the horizontal

[06:49] level formation confirmed by density. Next, we setting in the density location relative to the level. We can select the setting at the level. If you want the density to be exactly tick to tick at the level, or you can select any place, then we

[07:05] will determine for ourselves what format to use for the formation. I generally select any place so that the formations are suitable for different strategies. Next, click the checkbox to show only formations. Go to sorting. Here, in

[07:18] principle, you can select any values, customize this for yourself. Next, go to the chart tab and here we select the settings based on your strategy. For example, if we take a rebound from the level where we have density,

[07:31] we can use the following setting: period 20, number of touches zero or one, one, this will already be levels with two touches, as we discussed with the meme coin. If you want such levels to be shown, you can

[07:45] put one here. If you want to show single HAI lays, we set it here. zero But it is best of course to take from single hayol from the jump Because when we already have two touches at the level, a lot has accumulated behind it and it is

[07:59] quite dangerous to do this. The error of the levels for touching, we can select three here so that all HAIs and lais are marked, but to avoid spam too, therefore, we can disable the three trend levels and then go to the

[08:12] density tab. In principle, if the coin is not liquid, then we can consider a rebound even from $ 200,000. But if the coin is already active and has liquidity of more than 70 million, then it is better, of course, to consider from the jump from

[08:25] $ 400,000. Here we also select the setting. Based on your needs, the distance to the density can be set to 5%, the density lifetime is 5 minutes to filter out spoofers. Sky densities and corrosion time are zero, since then

[08:39] the screener itself will tell us from which densities we can take from how much. Which densities are large, Which densities are small, so we already on that. Which density will we pay attention to based on the tips further. We have

[08:51] indicators of those data We can set about the coin. Based on your needs, we click save and get a tab with densities and at the top. We see that we have a coin, and we can open a chart and see that we

[09:04] have a level, and just on it we have a density, and that is, we can wait for the approach to this density and take a rebound. You can also hover over this density and here you will see a hint that the density for this coin is average

[09:16] relative to the passing volume, it is not located near the level, since the distance here is quite large if we take into account its volatility, and our volatility here is 0.8, that is,

[09:28] the coin is not the most active, so the density is not at our level. And behind the level, and if we take a rebound from it, then this will generally even be in the format of a spike. Therefore, if you want to be shown only densities

[09:40] that are clearly at the level, then in the formation tab, we set the density location at the level. Well, the hint itself can be considered in the rebound after a reaction or with a sharp approach. That is, if the coin is

[09:53] approaching sharply like this, then we can Come in and take a rebound, or if the coin starts to move up smoothly, it will start trading here. This is how I'm trading, I'm steering into longs, and if there's a reaction, then we can also come in here and take it. This reversal movement,

[10:06] and the screener is very helpful in finding a good formation and working it out well. Well, this video will come to an end. Thank you all very much for watching. Let's shake hands. Let's have fun. Thank you very much everyone. Goodbye, bye

[10:21] Thank you very much everyone. Goodbye, bye bam.