1. Identify Market Trends (Bullish vs. Bearish)
📌 Tip: Use Moving Averages (MA 50 & MA 200) to determine trend direction.
✔️ If MA 50 is above MA 200 → Bullish trend (Buy)
❌ If MA 50 is below MA 200 → Bearish trend (Sell)
2. RSI for Entry & Exit Points
📌 Tip: Use Relative Strength Index (RSI) 14 to identify overbought and oversold conditions.
✔️ RSI < 30 → Oversold (Buy Signal)
❌ RSI > 70 → Overbought (Sell Signal)
3. Support & Resistance Levels
📌 Tip: Identify key support & resistance zones to plan your entry and exit.
✔️ Buy near support → Price is likely to bounce up.
❌ Sell near resistance → Price is likely to drop.
4. Candlestick Patterns for Market Reversals
📌 Tip: Watch for these candlestick patterns to predict price movements.
✔️ Bullish Patterns: Hammer, Engulfing, Morning Star.
❌ Bearish Patterns: Shooting Star, Evening Star, Doji.
5. Fibonacci Retracement for Precise Entries
📌 Tip: Use Fibonacci retracement (0.382, 0.5, 0.618) to find pullback levels.
✔️ Price bounces off 0.618 retracement → Strong buy signal.
❌ Price breaks below 0.786 retracement → Trend reversal likely.
6. Risk Management to Protect Capital
📌 Tip: Follow these risk management rules:
✔️ Use Stop-Loss (Never risk more than 1-2% per trade).
✔️ Maintain Risk-Reward Ratio (1:2 or better).
✔️ Diversify across different crypto assets.