📊Learn the Most Important Technical Analysis Indicators on Binance:

1. RSI – Relative Strength Index

• Measures the strength of price movement and identifies overbought and oversold areas.

• Above 70 = possible decline, below 30 = possible rise.

2. MACD – Moving Average Convergence Divergence

• Reveals trend changes and momentum strength.

• Fast line crossing above the slow line = buy signal, and vice versa for sell.

3. Moving Averages (MA)

• Determines the overall price trend.

• Price above the average = uptrend, below the average = downtrend.

4. Bollinger Bands

• Indicates the price's volatility.

• Price approaching the lower band = potential buying opportunity.

5. Volume

• Increased volume confirms trend strength or the start of a new movement.

🔥 Practical Example for Spot Trading Today:

🔍 After analyzing the market using RSI, MACD, and volume, the following currencies emerged as quick opportunities:

• $SOL → Upward momentum with RSI at 48 and a buy signal on MACD.

• $XRP → Bounce from strong support and increase in trading volume.

• $DOGE → Sideways price movement with potential for breakout.

💡 Suggested Strategy:

• Enter with appropriate amounts, and set a stop loss below the nearest support.

• Take profits in stages with each rise.