Long? Short? What to do? 🤷🏻♂️
I had a couple of traders asking how it is possible that there are so many crypto tokens with long and short signals at the same time. Is that bug? Does it really make sense?
👉 So, here's a quick explanation.
First off, YES, it does make sense.
The majority of signals we see on the 1D chart are bullish RSI, or bearish Parabolic Traders signals.
Here's why: The Parabolic Trader is a signal that tries to ride the last wave of a trend. It enters when the RSI is already oversold (or overbought, depending on the direction) and assumes that there's some more potential.
The RSI on the other side, predicts a trend reversal and therefore predicts a trade in the opposite direction.
👉 Which signal is better or more accurate?
Usually both, it's just a matter of time and timing. Once the Parabolic Trader signals pop up, you can expect some more downside potential before we flip.
As always the question is just when we flip :)
Happy trading!
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If you want more, free trade signals you can check out Crypto OS. More details in my Twitter bio.
