#CEXvsDEX101

Understanding Market Trends:

"The trend is your friend" is a timeless trading adage. Identifying and understanding market trends – whether bullish, bearish, or sideways – is fundamental. Trend following involves entering trades in the direction of the prevailing trend, aiming to profit from its continuation. Use technical indicators like moving averages, trendlines, and candlestick patterns to confirm trend direction and strength. Avoid fighting the trend; trading against it significantly increases your risk. Riding a strong trend, even for a portion of its move, can be highly profitable.