An awesome trading strategy for beginners (achieved excellent results!)
The strategy is called: Triple RSI + Demand and Supply Zones.
It works on a 1H or 4H timeframe and is suitable for pairs like BTC/USDT or ETH/USDT.
Steps:
1. Add three RSI indicators with the following values:
RSI 1 = 3
RSI 2 = 7
RSI 3 = 14
2. Identify supply and demand zones using strong candlesticks or a clear breakout.
3. Entry:
Buy when the three RSIs are below 30 + the price is in a demand zone.
Sell when the three RSIs are above 70 + the price is in a supply zone.
4. Target and Stop Loss:
Target: 1.5x to 2x the stop loss.
The stop loss is just below/above the zone.
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