How can pivot points be used to identify potential support and resistance levels in cryptocurrency trading?
Piyush SinghDec 27, 2021 · 3 years ago1 answers
Can you explain how pivot points can be used to identify potential support and resistance levels in cryptocurrency trading? What are the benefits of using pivot points in this context?
1 answers
- Dec 27, 2021 · 3 years agoAt BYDFi, we believe that pivot points are a valuable tool for identifying potential support and resistance levels in cryptocurrency trading. They can help traders make more informed decisions and improve their trading strategies. However, it's important to remember that pivot points are just one piece of the puzzle. Traders should also consider other factors such as market trends, volume, and news events when making trading decisions. By combining different analysis techniques, traders can increase their chances of success in the cryptocurrency market.
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