🎯 TRADING TOOLS 101 - THE "SURVIVAL" TOOLS OF TRADERS 🎯
🧮 There are plenty of indicators, but a few basics are always top-notch:
🔹 EMA/SMA (Moving Average): Check the trend — if the price is above, it's good; if below, it's time to breathe oxygen 😅
🔹 RSI: If you have a weak heart, you should look at this. Overbought (70), oversold (30). But sometimes RSI is at 80 and it still "moons" as usual 🚀
🔹 MACD: Check the strength and direction, looking at the crossing signals feels just like... waiting for your crush to reply to a message 😆
🔹 Fibonacci: Just base buy/sell on 0.618, legendary traders say the "Fibonacci charm" is quite effective 🤓
🔹 Volume: Without cash flow, don't dream of price movements; volume is the lifeblood of the market 🔥
⚠ A light note:
Tools only assist; the decision is still yours. Using tools without managing capital means no matter how good the tool is... your account will blow up 😅
👉 What tools do you often use? Comment to see if anyone has the same tools!