What are the best trading strategies for tradingview pl in the cryptocurrency market?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the best trading strategies for tradingview pl in the cryptocurrency market is trend following. This strategy involves identifying and following the trends in the market, whether it's an uptrend or a downtrend. By analyzing the price movements and using technical indicators, you can make informed decisions and ride the trend for maximum profit. Remember to set stop-loss orders to protect your capital in case the trend reverses.
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• Dec 29, 2021 · 3 years ago
  Another effective trading strategy for tradingview pl in the cryptocurrency market is breakout trading. This strategy involves identifying key levels of support and resistance and entering a trade when the price breaks out of these levels. Breakouts can indicate strong buying or selling pressure, and by entering the trade at the right time, you can capture significant price movements. However, it's important to use proper risk management techniques and not chase every breakout.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis for tradingview pl in the cryptocurrency market. Technical analysis involves studying price charts and using indicators to predict future price movements, while fundamental analysis involves analyzing the underlying factors that can impact the value of a cryptocurrency. By combining these two approaches, you can make more informed trading decisions and increase your chances of success.
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