⚙️ MASTERING TECHNICAL INDICATORS: A POWERFUL TOOL FOR TRADERS ON BINANCE
After understanding the basics of Japanese candlesticks, it is crucial to move on to the next step: technical indicators. These are essential tools for anticipating price movements, optimizing your entries/exits, and strengthening your decision-making.
Here are some key indicators that every trader should know:
🔹 Moving Averages (MA/EMA): they smooth prices over a given period to identify trends. Very useful for determining whether the market is bullish or bearish.
🔹 RSI (Relative Strength Index): it measures the strength of an asset. If it is above 70, the asset is often overbought; below 30, it may be oversold.
🔹 MACD: it combines two moving averages to detect trend reversals. Widely used for its crossover signals.
🔹 Bollinger Bands: they frame the price and allow for volatility analysis. When the bands tighten, a big movement is on the way.
✅ Why use them? Indicators do not predict the future, but they greatly enhance your chances of success by providing reliable signals and confirmations.
Remember 🧠: never rely on a single indicator. Combine them, test them, and above all, learn to recognize the right signals before acting.
