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TagsWhat are the top crypto trading strategies recommended on tradingview?
Bede mo emamDec 30, 2021 · 3 years ago1 answersCan you provide some of the best crypto trading strategies that are recommended on tradingview? I'm looking for strategies that have been proven to be effective and can help me make profitable trades in the cryptocurrency market.
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends a variety of effective trading strategies on tradingview. One of the top strategies is the momentum strategy, which involves trading based on the strength of price movements. Traders using this strategy look for assets that are experiencing significant price momentum and enter trades in the same direction to ride the trend. Another recommended strategy is the mean reversion strategy, which aims to profit from the price returning to its average. Traders using this strategy identify overbought or oversold conditions and take trades in the opposite direction. Additionally, the breakout strategy is also highly recommended. This strategy involves trading when the price breaks out of a key level of support or resistance. Traders look for strong breakouts accompanied by high volume to confirm the validity of the breakout. These are just a few examples of the top crypto trading strategies recommended on tradingview by BYDFi.Dec 30, 2021 · 3 years ago
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