#TrendTradingStrategy
📈 #TrendTradingStrategy | Go with the flow... not against it!
In the world of crypto, "the trend is your friend" – and this phrase summarizes the philosophy of successful trading in a Trend Trading style.
🌊 My strategy simply: I look for the strong trend, ride the wave... and let the market work for me!
🔹 1. I start by determining the overall trend using moving averages (MA 50 and MA 200), if the price is above them – the trend is upward, and vice versa.
🔹 2. I confirm the trend with other indicators
– ADX Indicator: the higher it goes above 25, the clearer the trend
– Trend lines and sloping supports: to draw price channels
🔹 3. Enter at corrections I don’t enter at the peak, but rather when it retraces to the support line within the trend, using confirmation candles like Hammer or Bullish Engulfing.
🔹 4. A clear exit plan I set the target based on the next resistance level, and place a stop loss below the last low.
📌 Real-world example: In an upward trend on ETH from $3,200
I entered after a correction to $3,080
The target was at $3,400
✅ The profit was realized without worry or severe fluctuations.
💡 The secret to success?
Patience + Trend confirmation + Commitment to the plan.
Do you rely on the trend strategy?
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