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TagsWhat are the recommended EMA settings for day trading in the crypto market?
BtmdexDec 29, 2021 · 3 years ago1 answersI'm new to day trading in the crypto market and I've heard about the EMA (Exponential Moving Average) indicator. Can someone please explain what EMA settings are recommended for day trading in the crypto market? How can I use EMA effectively to make trading decisions?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using EMA settings of 9 and 21 for day trading in the crypto market. These settings are commonly used by professional traders and have shown good results in capturing short-term trends. However, it's important to note that EMA settings alone are not enough to make profitable trades. You should also consider other factors such as volume, support and resistance levels, and market sentiment. Remember, trading in the crypto market is highly volatile and requires careful analysis and risk management. Always do your own research and make informed decisions.Dec 29, 2021 · 3 years ago
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