The trend trading strategy is a popular approach for day trading on the Binance platform, involving the identification of the prevailing market direction and trading with it - whether bullish (upward trend), bearish (downward trend), or range-bound (sideways) - to take advantage of continuous price movements. This strategy is well-suited for Binance's highly liquid spot and futures markets, as it relies on technical indicators to confirm trends and manage trades. Below, I will explain how to apply the trend trading strategy on Binance, including the steps, tools, benefits, risks, and best practices, with a focus on spot trading to simplify things, and notes on futures for professional traders.
