SHORT

TOP 3 INDICATORS FOR TRADER
$DOGE $INJ $TRUMP
📊 1. Relative Strength Index (RSI): The Momentum Oscillator

Purpose: Measures the speed and magnitude of price movements to identify overbought or oversold conditions.
Interpretation:
RSI above 70: Overbought (potential sell signal).
RSI below 30: Oversold (potential buy signal).
Usage: Helps traders assess the strength of a price move and potential reversal points.

📈 2. Moving Average Convergence Divergence (MACD): The Trend-Following Indicator
Purpose: Indicates trend direction, duration, and momentum by comparing two moving averages.
Components:
MACD Line: Difference between 12-day and 26-day EMAs.
Signal Line: 9-day EMA of the MACD Line.
Histogram: Difference between MACD Line and Signal Line.
Usage: Crossovers between the MACD Line and Signal Line can signal potential buy or sell opportunities.

📉 3. Average Directional Index (ADX): The Trend Strength Meter
Purpose: Measures the strength of a trend, regardless of its direction.
Interpretation:
ADX above 25: Strong trend.
ADX below 20: Weak or no
Usage: Helps traders identify trending markets and avoid choppy, non-trending conditions.

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