#TrendTradingStrategy
🚀 Trend Trading Strategy (Trend-Based Trading) 📈
In trend trading, trades are made in the direction of the price trend to maximize profits.
🔹 Identifying the Trend:
Use 50-day and 200-day Moving Averages, RSI (70 = Overbought, 30 = Oversold), and Bollinger Bands.
🔹 Enter with the Trend:
Buy in an upward trend and sell in a downward trend.
Look at Support/Resistance levels for entry points.
🔹 Risk Management:
Set a stop-loss and control position size.
🔹 Let Profits Run:
Allow profits to grow with a trailing stop-loss.
📍 This strategy can be effective on cryptocurrencies like $ETH .
#TrendTrading #CryptoStrategy #ETH