#TradingTools101 Trading Tools 101: Beginner’s Guide to Essential Crypto Tools
Entering the world of crypto trading? 🔄 Here's a quick breakdown of must-know trading tools that can help you make smarter, more informed decisions:
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🛠️ 1. Charting Platforms
Examples: TradingView, DexTools, Coinigy
These platforms let you analyze price movements using candlestick charts, indicators, and technical patterns.
📍 Key Features:
RSI, MACD, EMA indicators
Trend lines, support/resistance
Custom alerts for price movement
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📉 2. Portfolio Trackers
Examples: CoinStats, Delta, Zerion
Helps you monitor your crypto holdings across wallets and exchanges in real time.
📍 Benefits:
Performance tracking
Asset distribution overview
Profit/loss calculation
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🔎 3. On-Chain Analytics Tools
Examples: Glassnode, Nansen, Santiment
For deep insights into blockchain data: wallet movements, whale activity, market sentiment.
📍 Used for:
Identifying smart money moves
Analyzing supply trends
Spotting early bull/bear signals
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🧠 4. Trading Bots & Automation
Examples: 3Commas, Pionex, Bitsgap
Automated bots can execute trades based on pre-set strategies, saving time and emotion.
📍 Key Features:
Grid bots, DCA bots, arbitrage
Backtesting strategies
Stop loss and trailing orders