๐ Use technical indicators wisely to achieve quick gains in short-term trading! ๐
In a fast trading environment like WCT, these indicators can be powerful tools if used tactically:
๐ Moving Averages (EMA):
- Short-term use:
- Watch for the crossover of EMA(7) with EMA(25) as a quick entry or exit point.
- Enter when the price breaks above EMA(7) indicating a potential strong momentum.
๐ฏ RSI Indicator (Relative Strength Index):
- Short-term use:
- If RSI approaches 70, it may be a selling opportunity before a reversal.
- If it drops near 30, expect a rebound and enter a quick buy.
๐ MACD Indicator:
- Short-term use:
- Watch for the golden crossover between DIF and DEA, it's a buy signal.
- A negative crossover indicates a sell or short exit.
๐ฅ Trading Volume:
- Short-term use:
- A sudden increase in volume confirms a break of resistance or support.
- Enter after a strong candle with high volume to boost success chances.
๐ Bollinger Bands:
- Short-term use:
- When the bands tighten, prepare for a price explosion soon.
- When breaking the upper band, a rapid upward wave may begin.
๐ Professional Tip:
- Combine indicators to confirm decisions, and donโt rely on just one indicator.
- Use a timeframe like 15 minutes or 1 hour for accurate and quick trading signals.
