#TrendTradingStrategy
"Your Friend is the Trend" – This strategy relies on following long market movements. **#DOT** is currently showing a strong upward trend above the 50-day moving average ($0.58).
**Application Tips**:
1. Enter trades only on bounces from the moving average.
2. Use the ADX indicator (above 25) to confirm the strength of the trend.
3. Optimal risk/reward ratio: 1:3 (Example: Risk 1% to gain 3%).
Warning: Avoid trading against the prevailing trend, especially with fluctuations in economic news. Upcoming targets: $0.65 (+12%) if the upward volume continues.