DIARY OF A TRAINEE ON BINANCE
Today marks the fifth consecutive day of my journey in Binance Square. Little by little, I am learning to navigate this new world of charts, strategies, and emotions!
We are now 7 FOLLOWING and 7 FOLLOWERS.
And, to my great joy, SATOSHI liked the comment I left yesterday! A sign that I am being noticed!
LEARNING OF THE DAY:
Today I reviewed the SMA + RSI strategy, widely used in technical analysis. I understood that:
- The SMA (Simple Moving Average) shows me the direction of the trend.
- The RSI (Relative Strength Index) indicates when the market is overbought or oversold.
When the RSI is below 30, I can start looking for a possible buying opportunity.
Above 70, it signals a possible sale.
But be careful: THIS IS NOT AN AUTOMATIC ENTRY SIGNAL! I always combine two indicators!
What do you think of this strategy? Have you used it? Did you have good results?
Join me!
Have you used RSI + SMA in practice?
Comment here on how you operate or what still confuses you!
We are all learning together!
I will follow back those who comment seriously!