#TradingTools101 š You can boost your trading confidence with RSI, MACD, & Moving Averages! š
š The RSI can help you spot an overbought market when its is >70 or oversold when it is <30 levels.
š The MACD can help you catch trend shifts with bullish/bearish crossovers.
š For moving averages you can use 50/200-EMA for trend direction (Golden/Death Cross).
š” Combine for Accuracy:
Trend: 50/200-EMA
Momentum: RSI + MACD
Volatility: Bollinger Bands help confirm with volume!ā
For example, you can buy when 50-EMA > 200-EMA, MACD crosses up, RSI > 50, & volume spikes.
š Always use stop-loss to manage your equity. Remember to backtest strategies before entering a trade!
š Learn more & practice on Binance!
