Hello, crypto enthusiasts!
Today, we share a simple day trading strategy: moving average crossovers.
How does it work?
Use two moving averages: MA50 (short-term) and MA200 (long-term).
Buy signal: when MA50 crosses above MA200 (Golden Cross).
Sell signal: when MA50 crosses below MA200 (Death Cross).
Tip: Try this strategy on a coin like $ETH ,$BNB &$SOL
On a 1-hour timeframe, set a stop-loss order at 2-3% to minimize risks.
Note: Test the strategy on a demo account first!
What is your favorite trading strategy? Share with us in the comments!