#TrendTradingStrategy Trend trading on Binance involves identifying and following the prevailing direction of a cryptocurrency's price movement – an uptrend (higher highs, higher lows) or a downtrend (lower lows, lower highs). Traders use technical indicators like Moving Averages (e.g., 50 and 200 EMA), MACD, and RSI, along with trendlines, to confirm the trend's strength and identify entry/exit points.
On Binance, you'd typically open long positions in uptrends and short positions in downtrends, aiming to ride the momentum until signs of reversal appear. Binance's charting tools facilitate this analysis. In India, profits from trend trading crypto are subject to a flat 30% tax, plus a 1% TDS on sale transactions. Losses cannot be offset against other crypto gains or carried forward.