#TradingTools101
🚀 Key Crypto Trading Tools & When to Use Them
🔧 Main Tools:
Candlestick Charts – Show price movement; look for patterns.
Moving Averages (EMA) – Spot trends (20, 50, 200 EMA).
RSI – Find overbought/oversold zones (best in sideways markets).
MACD – Confirms trend changes.
Bollinger Bands – Spot breakouts in quiet markets.
On-Chain Data – Track big moves (use Glassnode, CryptoQuant).
News & Sentiment – Use Fear & Greed Index, Twitter, Reddit.
Bots & Copy Trading – Automate trades with 3Commas, Bitget, etc.
Stop-loss / Take-profit – Always manage risk.
✅ Best Use Cases:
Tool Use When
EMA Trending market
RSI Sideways market
MACD Entry/exit signals
Bollinger Bands Breakout expected
Bots 24/7 or fast markets
Sentiment Emotional/hyped market
Stop-loss Always
💡 Tips:
Combine tools for better results.
Backtest before using real money.
Keep a trading journal.
Protect your capital with stop-loss.