#TrendTradingStrategy
My experience with **Trend Trading on Binance** was fruitful but requires patience and discipline. I used the following fundamental indicators:
1. **Moving Averages** (50 and 200 days) to determine the overall trend.
2. **MACD** to enter at signal crossover.
3. **RSI** (30-70) to avoid buying in overbought conditions.
**Positives**:
- Profit from significant market moves (like a +40% trade with Bitcoin's rise in 2023).
- Simplicity in execution with indicator confirmation.
**Challenges**:
- Losses during transitional phases (sudden market fluctuations).
- The necessity of risk management (2% stop loss of capital).
**Conclusion**:
The strategy is effective in bull markets, but avoiding it in sideways markets is the secret!