What are the best strategies for trading cryptocurrencies with RSI?

1 answers

• Jan 29, 2022 · 3 years ago
  At BYDFi, we recommend using RSI as part of a comprehensive trading strategy. It can be a useful tool for identifying potential entry and exit points, but it should not be relied upon as the sole indicator. It's important to consider other factors such as market trends, volume, and news events when making trading decisions. Additionally, it's crucial to practice proper risk management and set stop-loss orders to protect against potential losses. Remember, trading cryptocurrencies involves risks, and it's important to do thorough research and seek professional advice before making any investment decisions.
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