It only takes 5 minutes to read and understand these things. By then, you will find yourself making profits.
One of the best indicators in the world of cryptocurrencies!
Have you ever heard of the one signal that almost everyone thinks should be ignored but is actually very useful for trading?
Let me explain that to you.
You can always count on this indicator! No matter what the cryptocurrency market is like. The tendency of tokens to maintain their bullish or bearish stance in the market will undoubtedly be shown by the Fear and Greed Index. This indicator has a wide range of applications. First, the general level of fear and greed that people feel can be used to determine the direction of the trend. You can then determine whether it is worth buying a token when many people are fearful and selling a token when many people are greedy. The Fear and Greed Index will tell you a lot more than that. And there is more!
You can determine the exact time to stop trading and watch from the side by measuring the general sentiment in the market. This allows you to take many breaks from the cryptocurrency market. It allows you to relax, and a trader who feels comfortable will make many good trading decisions. The next time you ignore the fear and greed indicator, remember this. Always remember that it can be very useful in determining the truth about what is happening in the cryptocurrency market.
This rule has produced a 70.50% profitable trade! (Here's how you do it!)
There are unwritten rules in the cryptocurrency market that almost everyone follows, and if you are not aware of any of them yet, let us guide you.
Every time the market moves in one direction on a daily basis, we always follow the same trend until the day ends. However, there is also one way to prepare for potential market shifts. The rule of thumb is to follow when there is no trend reversal by 11am EST. There will be less chance of a trend reversal during the rest of the trading day or it may even extend into the rest of the week.
Now, take a look at PENDLE.
After we took the initiative to look for a potential market reversal on PENDLE. We were able to highlight a key support level where the market turned at 11am EST. Thus, over the course of the entire month, we were able to find that the market had indeed turned in the opposite direction of the initial highlighted trend.
These posts are for educational purposes. To guide those who may still be struggling within the cryptocurrency market, those who are new to the environment and volatility, and anyone who needs it.
Stay wise, trade cautiously.
