❓ How to use indicators like a pro in trading?
Indicators are tools that help you make moves based on data. But here’s the catch — they don’t always give you a guaranteed win. The key is knowing when to pull the trigger and pairing them with other analysis tools.
📊Indicators and when to use them:
1️⃣Moving Average (MA) — This one’s clutch for trending markets. It helps you spot the trend and how strong it is.
Price above the MA? Buy.
Price below it? Sell.
2️⃣ RSI (Relative Strength Index) — One of the go-to indicators for flat markets. It shows you when an asset’s overbought or oversold.
RSI above 70? Sell
Below 30? Buy
3️⃣ MACD (Moving Average Convergence Divergence) — This bad boy helps you spot market reversals. Many traders swear by it for catching trend shifts.
🔤How to use them like a pro?
❗Heads up! No indicator works alone. Always back it up with support/resistance levels and keep your risk management tight.
Using the right indicators at the right time can level up your game, but remember, balance is key.
