Yemen

#BINANC

How to know if this is a good place to buy or sell

These tools:

Available on the Binance platform, you can use them

1. Technical indicators:

• RSI (Relative Strength Index):

• If the RSI is below 30, this indicates an oversold condition (buying opportunity).

• If the RSI is above 70, this indicates an overbought condition (selling opportunity).

• Stochastic RSI:

• If the Stochastic RSI is close to 0 (oversold area), this indicates a buying opportunity.

• If it is close to 100 (overbought area), this indicates a selling opportunity.

• MACD:

• If the MACD line (yellow) intersects the signal line (blue) upwards, this is a buy signal.

• If it intersects downwards, this is a sell signal.

2. Volume:

• High trading volumes with the price rise mean that the momentum is strong (buying can continue).

• Decreasing volumes with rising price indicate weak momentum (opportunity to correct or sell).

3. Supports and Resistances:

• Nearby support area: 1,936 – 1,950 USDT (buy at this level with stop loss below support).

• Nearby resistance area: 1,962 – 1,970 USDT (sell at these levels if momentum weakens).

4. Additional signals (Parabolic SAR):

• Yellow dots:

• If they are below the candles, this indicates an uptrend (buying continues).

• If they are above the candles, this indicates a downtrend (selling continues).

Disclaimer: Includes opinions of third parties.