The digital world is witnessing rapid evolution with the growth of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). These assets rely on blockchain technology and are considered a digital alternative to traditional money.
Basic trading strategies include:
Day trading: To take advantage of quick price fluctuations.
Long-term investing (HODL): To capture value growth over the long term.
Margin trading: To increase profits using leverage, but it involves risks.
Key technical indicators:
RSI: To identify overbought or oversold conditions.
Moving averages: To understand the overall trend.
Trading volume: To confirm the strength of the trend.
Risk management tips:
Do not invest more than you can afford to lose.
Use stop-loss orders.
Diversify your portfolio and stay informed about impactful news such as CPI reports and Federal Reserve decisions.
