#TradingTools101
🛠️ One of the most important tools for success in the trading world is knowing how to use technical analysis tools. One of the tools I rely on daily is the RSI indicator (Relative Strength Index).
📉 This indicator helps me identify "oversold" or "overbought" conditions for any currency. When the RSI is below 30, it often means that the currency may be ready for a rebound upwards, and vice versa when it is above 70.
🧠 But the tool alone is not enough; we must combine it with other tools such as support and resistance levels, and trendlines, to achieve a comprehensive analysis.
🔍 I use a platform like TradingView because it provides these tools with clear and easily customizable charts.
💡 Continuous learning about trading tools is the secret to excellence. Choose your tool, understand it deeply, and apply it rationally.
#tradingtools101 #CryptoTips #TechnicalAnalysis
