#BinanceTurns8 🌊

📌 What is trend trading?

This is a strategy in which a trader determines the direction of the market movement (up 📈 or down 📉) and opens positions according to this trend. The goal is to “catch” the main price movement and make a profit.

🔑 Basic principles of trend trading:

1. Identify the trend:

• Use tools such as moving averages (MA), MACD or ADX to understand where the market is moving.

• 📊 For example: 50-day MA crosses the 200-day MA upwards? This could signal a bullish trend!

2. Enter a position:

• Look for confirmation: for example, a price pullback to a support level in a bullish trend.

• 🚀 Use stop losses to minimize risks.