Today's tip for correct digital currency trading ✅✅

🌷Identify the points where the price is likely to stop or reverse its direction.

🌷Price patterns such as flags, triangles, and heads and shoulders, which can give you signals about future price movement.

🌷 Technical indicators such as Moving Averages, Relative Strength Index (RSI), and MACD that help determine trend strength and momentum.

✌️ Follow news related to new partnerships, technical updates, and institutional accreditations.

✌️ Analyze how economic factors affect supply and demand for digital currency.

How do you apply this advice?

👈 Use chart analysis platforms like TradingView to analyze price movements.

👈 Follow news from trusted sites and check updates on the project’s social media.

👈Decide whether you are following a short-term trading strategy or long-term investing.

👈Develop clear entry and exit plans based on technical and fundamental analysis.

👈Use support and resistance levels to determine entry and exit points.

👈 Follow news and developments to update your strategy based on fundamental analysis.

👈Use stop loss orders to protect capital.

- Do not risk more than a certain percentage of your portfolio in one trade.

Conclusion

Relying on technical and fundamental analysis makes you a more informed investor