#TrendTradingStrategy Trend trading involves identifying and following market trends to profit from price movements. In cryptocurrencies:
Identify Trends: Spot uptrends (higher highs/lows), downtrends (lower highs/lows), or sideways trends using candlestick patterns and indicators like Moving Averages (Golden/Death Cross), RSI, or MACD.
Entry: Enter on breakouts with high volume or during pullbacks to support levels, confirmed by indicators and market sentiment (news, social media, on-chain data).
Exit: Set profit targets at resistance or use stop-loss orders below support to manage risk.
Stay Effective: Monitor news and analytics, adapt to volatility with shorter timeframes, risk 1–2% per trade, and maintain discipline while continuously learning new tools and trends.
