Traders must develop a trading strategy that aligns with their goals before navigating through the cryptocurrency market. Binance Futures encourages responsible trading for traders to exercise control over their trades and take accountability for their actions.
So let’s explore some of these features:
A. Use technical indicators, such as Bollinger Bands and Exponential Moving Averages, to identify setups.
B. Review the Order Book to gauge buyer and seller interest at specific price levels.
C. Analyze Trading Data, such as Open Interest and the Long/Short Ratio, to understand how traders are positioning themselves for future price action.
