#TrendTradingStrategy O BTC is trading at US$ 108 755, showing strength but with fluctuations that require attention to the trend.
#TrendTradingStrategy
1. Identify the Trend:
– On the daily chart, see if the lows and highs are rising (uptrend) or falling (downtrend).
2. Confirm with Indicators:
– Use moving averages (e.g., 20 × 50 period crossover) or RSI to validate the strength of the movement.
3. Entry and Risk Management:
– Enter on the break of a previous high/support, with a stop just below the local low.
– Adjust your stop as the price advances, locking in profits.
“The prudent man sees danger and seeks refuge;
but the foolish continue on and suffer the consequence.”
— Proverbs 22:3
Balance boldness and wisdom: take advantage of the trend, but trust God to guide your decisions.
👉 And you, how have you adjusted your trend trading strategy? Share your experience and strengthen our community!
@fabiana_santana40 | #CryptoWithPurpose #FaithAndBusiness #SellEverySingleDay