#TradingTools101
Mastering technical analysis tools transformed my trading strategy. Initially overwhelmed by indicators like RSI, MACD, and Fibonacci retracements, I now use them to spot high-probability entries. The real game-changer was learning volume profiling – seeing where institutional buyers accumulate helps avoid false breakouts.
Current Setup (BTC/USDT):
Bullish divergence on 4H RSI
MACD crossover above signal line
Trading above key VWAP support ($68.2K)
Rising OBV confirms buyer strength
These tools signal strong upward momentum. I’m adding longs with stops below $104k, targeting $110K. Remember: always backtest strategies in Binance’s demo mode before going live!