What are the best trading strategies for shibusd on tradingview?

3 answers

• Dec 28, 2021 · 3 years ago
  One of the best trading strategies for shibusd on tradingview is the trend-following strategy. This strategy involves identifying the direction of the trend and entering trades in the same direction. Traders can use indicators like moving averages or the Ichimoku Cloud to determine the trend. By following the trend, traders can increase their chances of making profitable trades. However, it's important to note that no strategy is foolproof, and traders should always practice risk management.
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• Dec 28, 2021 · 3 years ago
  When it comes to trading shibusd on tradingview, a popular strategy is the breakout strategy. This strategy involves identifying key levels of support and resistance and entering trades when the price breaks out of these levels. Traders can use indicators like Bollinger Bands or the Average True Range to identify potential breakouts. It's important to wait for confirmation before entering a trade and to set stop-loss orders to manage risk.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis when trading shibusd on tradingview. Technical analysis involves analyzing price charts and using indicators to identify trading opportunities. Fundamental analysis involves evaluating the underlying factors that can affect the price of shibusd, such as news events or market trends. By combining these two approaches, traders can make more informed trading decisions.
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