treadingtips
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Got it! Here’s a refreshed version for your COMPLETE THREAD on Price Action:
THREAD: Understanding Price Action Like a Pro 📊
If you want to improve your trading skills, mastering Price Action is essential! Here’s how to use RSI, Trendlines, and Volume to make informed trading decisions.
1. RSI (Relative Strength Index)
RSI helps you gauge the strength of a price move by comparing recent gains to losses.
• Overbought: RSI > 70 = possible reversal down.
• Oversold: RSI < 30 = possible reversal up.
Use it to spot trend exhaustion and potential turning points in the market!
2. Trendlines
Trendlines show the overall direction of the market.
• Uptrend: Draw a line connecting higher lows.
• Downtrend: Draw a line connecting lower highs.
Breakouts from trendlines can signal major shifts or trend continuations—so watch them closely!
3. Volume
Volume shows the level of market interest in a price move.
• Rising volume: Strengthens the validity of price movements.
• Decreasing volume: Can signal a lack of conviction in the move.
Combine volume with price action to confirm breakouts or reversals.
❤️ this post if you’re going to read it and hit refresh for more insights!
This version builds a smooth flow across the three tools. What do you think?
#treadingtips #BinanceSquareFamily #moonbix
THREAD: Understanding Price Action Like a Pro 📊
If you want to improve your trading skills, mastering Price Action is essential! Here’s how to use RSI, Trendlines, and Volume to make informed trading decisions.
1. RSI (Relative Strength Index)
RSI helps you gauge the strength of a price move by comparing recent gains to losses.
• Overbought: RSI > 70 = possible reversal down.
• Oversold: RSI < 30 = possible reversal up.
Use it to spot trend exhaustion and potential turning points in the market!
2. Trendlines
Trendlines show the overall direction of the market.
• Uptrend: Draw a line connecting higher lows.
• Downtrend: Draw a line connecting lower highs.
Breakouts from trendlines can signal major shifts or trend continuations—so watch them closely!
3. Volume
Volume shows the level of market interest in a price move.
• Rising volume: Strengthens the validity of price movements.
• Decreasing volume: Can signal a lack of conviction in the move.
Combine volume with price action to confirm breakouts or reversals.
❤️ this post if you’re going to read it and hit refresh for more insights!
This version builds a smooth flow across the three tools. What do you think?
#treadingtips #BinanceSquareFamily #moonbix
How to make $100 a day on Binance?
The strategy Scenario 1 If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.
#treadingtips #IOprediction #Binance200M
The strategy Scenario 1 If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.
#treadingtips #IOprediction #Binance200M
Trading is gambling if you don't have a plan.... Be a TRADER. Not a GAMBLER!😉 Remember the rules
1. Never catch a falling knife
2. The trend is your friend
3. Plan exit before you even attempt to enter (always use stop loss)
4. Hope is not a strategic
#treadingtips
2. The trend is your friend
3. Plan exit before you even attempt to enter (always use stop loss)
4. Hope is not a strategic
#treadingtips
Trading is gambling if you don't have a plan.... Be a TRADER. Not a GAMBLER!😉 Remember the rules
1. Never catch a falling knife
2. The trend is your friend
3. Plan exit before you even attempt to enter (always use stop loss)
4. Hope is not a strategy!
#treadingtips
2. The trend is your friend
3. Plan exit before you even attempt to enter (always use stop loss)
4. Hope is not a strategy!
#treadingtips
popular Airdrop 🔥
👉Major
👉 Blum
#BlumCrypto #majorupdate #AirdropBinance #treadingtips #tipsandtricks #news$BTC
👉Major
👉 Blum
#BlumCrypto #majorupdate #AirdropBinance #treadingtips #tipsandtricks #news$BTC
