What are the best webull screener settings for finding profitable cryptocurrency trades?
Umut ÇalışkanDec 27, 2021 · 3 years ago3 answers
I'm using Webull as my trading platform and I want to optimize my screener settings to find profitable cryptocurrency trades. What are the best settings I should use on Webull's screener to identify potential profitable trades in the cryptocurrency market?
3 answers
- Dec 27, 2021 · 3 years agoOne of the best webull screener settings for finding profitable cryptocurrency trades is to filter by volume. Look for cryptocurrencies with high trading volume as it indicates a higher level of market activity and liquidity. Additionally, you can set filters for price change percentage, market capitalization, and relative strength index (RSI) to identify potential opportunities. Experiment with different combinations of these settings to find the best ones that suit your trading strategy and risk tolerance.
- Dec 27, 2021 · 3 years agoWhen it comes to finding profitable cryptocurrency trades using Webull's screener, it's important to consider the time frame you're trading in. Short-term traders may want to focus on settings like volume, price change percentage, and RSI to identify quick profit opportunities. On the other hand, long-term investors might prioritize market capitalization and fundamental analysis. Remember, there's no one-size-fits-all approach, so it's crucial to customize your screener settings based on your trading style and goals.
- Dec 27, 2021 · 3 years agoBYDFi, a popular cryptocurrency trading platform, recommends using a combination of filters on Webull's screener to find profitable trades. Start by filtering for cryptocurrencies with high trading volume and significant price change percentage. Then, narrow down your options by considering market capitalization and RSI. By using these settings, you can identify potential profitable trades in the cryptocurrency market. However, always do your own research and analysis before making any investment decisions.
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