#TradingTools101

🛠️ #TradingTools101

A tool that has been very useful to me in my technical analysis is the RSI (Relative Strength Index). It allows me to detect potential overbought or oversold areas, which is crucial before entering a trade. I generally combine the RSI with support and resistance to validate signals. If the RSI is below 30 and is at a strong support zone, I take it as a potential buy signal. I also use price alerts and candlestick patterns to confirm decisions. This type of approach gives me more confidence when executing trades. #TradingTools101