#TradingTools101 Tired of false signals and whipsaws on Binance? ๐ You're not alone. Crypto markets are wild, but combining the right technical indicators is like having a supercharged trading dashboard ๐ ๏ธ. Forget relying on just one tool โ true edge comes from synergy.
Hereโs my go-to trio and exactly how I combine them for sharper entries and exits:
1. ๐ Moving Averages (MAs)
๐ I check the 50-period EMA and the 200-period SMA. Sometimes a 21-period EMA for tighter trends.
They instantly show trend direction and potential support/resistance zones.
Price above MAs = ๐ข Uptrend potential.
Price below MAs = ๐ด Downtrend potential.
I watch for golden cross (when 50 EMA crosses above 200 SMA). That signals a strong bullish potential ๐. I watch for death cross (when 50 EMA crosses below 200 SMA), which signals strong bearish potential