#MuskAmericaParty ❓ How to use indicators like a professional in trading?

Indicators are tools that help you make decisions based on data. But there is one caveat — they do not always guarantee a win. The key is to know when to pull the trigger and combine them with other analysis tools.

📊Indicators and when to use them:

1️⃣Moving Average (MA) — This is an indicator for trending markets. It helps you identify the trend and its strength.

Price above MA? Buy.

Price below? Sell.

2️⃣ RSI (Relative Strength Index) — One of the main indicators for flat markets. It shows when an asset is overbought or oversold.

RSI above 70? Sell.

Below 30? Buy.

3️⃣ MACD (Moving Average Convergence Divergence) — This indicator helps you identify market reversals. Many traders swear by it for tracking trend changes.

🔤How to use them like a professional?

❗Attention! No indicator works on its own. Always back it up with support/resistance levels and keep risk management under control.

Using the right indicators at the right time can elevate your game to a new level, but remember that balance is key.