💡 Pro Tip: Reversal trade or trend following—which is better?
Many new traders lose money trying to catch reversals by going against the trend. The golden rule of technical analysis is—"Trend is your friend until it bends."
For trend reversal confirmation, you can look at these 3 things:
Volume Spike
Support/Resistance break and retest
Bearish/Bullish divergence on MACD or RSI
Which strategy do you follow more?
#TradingTips #LearnCrypto #BinanceSquare #CryptoAnalysis
Many new traders lose money trying to catch reversals by going against the trend. The golden rule of technical analysis is—"Trend is your friend until it bends."
For trend reversal confirmation, you can look at these 3 things:
Volume Spike
Support/Resistance break and retest
Bearish/Bullish divergence on MACD or RSI
Which strategy do you follow more?
#TradingTips #LearnCrypto #BinanceSquare #CryptoAnalysis