What are the key indicators to consider when using pivot trading in the world of cryptocurrency?

1 answers

• Samuel YiFeb 27, 2023 · 3 years ago
  When it comes to pivot trading in the world of cryptocurrency, one important indicator to consider is the pivot point itself. This indicator is calculated based on the previous day's price action and can help identify potential support and resistance levels. Additionally, traders should pay attention to moving averages, which can provide insights into market trends. Volume is another key indicator to consider, as it can indicate the strength of price movements. By analyzing these indicators, traders can make more informed decisions and potentially improve their trading strategies. However, it's important to note that pivot trading is not a foolproof strategy and carries risks. Traders should always exercise caution and conduct thorough analysis before making any trading decisions.
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