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Aakash Afridi
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#CKB/USDT Long Entry ✅ currently in a bullish momentum 🎈🟢 #BinanceLaunchpool #Megadrop #bitcoinhalving $CKB

#CKB/USDT

Long Entry ✅

currently in a bullish momentum 🎈🟢

#BinanceLaunchpool #Megadrop #bitcoinhalving $CKB

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Educational post No 2= RSI (Relative Strength Index) and Stochastic RSI are technical indicators used to measure the strength and momentum of a security's price movement. *RSI (Relative Strength Index):* - Measures the magnitude of recent price changes to determine overbought or oversold conditions. - Ranges from 0 to 100. - Typically, a reading above 70 indicates an overbought condition, while a reading below 30 indicates an oversold condition. *Stochastic RSI (SRSI):* - A variation of the RSI that measures the relative position of the RSI compared to its own high and low values over a given time period. - Also ranges from 0 to 100. - SRSI helps identify overbought and oversold conditions more accurately than traditional RSI. *Trading Strategies:* 1. *Mean Reversion:* Buy when RSI or SRSI falls below 30 and sell when it rises above 70. 2. *Divergence:* Buy when the security's price makes a new low, but RSI or SRSI fails to reach a new low. Sell when the security's price makes a new high, but RSI or SRSI fails to reach a new high. 3. *Trend Confirmation:* Use RSI or SRSI to confirm the strength of a trend. If the security is in an uptrend and RSI or SRSI is above 50, it may indicate a strong trend. If the security is in a downtrend and RSI or SRSI is below 50, it may indicate a weak trend. Remember, these indicators should be used in conjunction with other forms of analysis and risk management techniques to ensure effective trading decisions. This post is prepared by #AakashAfridi #Megadrop #ScamRiskWarning #BullorBear
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