There ain't just one "best" indicator for trading, bro. Each indicator serves a different purpose. The best strategy is a combination.
*4 types of top indicators:*
*1. For catching trends - They indicate direction*
*EMA 50 + EMA 200*: Golden cross/Death cross. Simple and effective. When the 50 EMA crosses above the 200 EMA, it’s a buy trend.
*MACD*: Shows both trend and momentum. When the histogram crosses the zero line, that’s your signal.
*2. For Overbought/Oversold - Entry/Exit points*
*RSI 14*: Above 70 = overbought, below 30 = oversold. Best for spotting divergence.
*Stochastic*: Gives a quicker signal than RSI, great for scalping.
*3. For Volatility/Support-Resistance*
*Bollinger Bands*: If the price touches the upper band, it’s a sell signal; if it touches the lower band, it’s a buy opportunity. When they squeeze, a big move is coming.
*ATR*: Tells you how much to set your stop loss. Indicates how much the market is moving.
*4. For confirming volume*
*Volume + VWAP*: Helps determine if a breakout is real or fake based on volume. VWAP is king for intraday trading.
*Important:* Indicators aren't 100% reliable. They only indicate probabilities. No indicator works without risk management and stop loss.
Note: This is educational info, not financial advice. Make sure to test on demo before risking your cash
#NEARSurgesAbove3USDT $BTC $BNB #StrategyFallsOutOfTop200US $USDC
*4 types of top indicators:*
*1. For catching trends - They indicate direction*
*EMA 50 + EMA 200*: Golden cross/Death cross. Simple and effective. When the 50 EMA crosses above the 200 EMA, it’s a buy trend.
*MACD*: Shows both trend and momentum. When the histogram crosses the zero line, that’s your signal.
*2. For Overbought/Oversold - Entry/Exit points*
*RSI 14*: Above 70 = overbought, below 30 = oversold. Best for spotting divergence.
*Stochastic*: Gives a quicker signal than RSI, great for scalping.
*3. For Volatility/Support-Resistance*
*Bollinger Bands*: If the price touches the upper band, it’s a sell signal; if it touches the lower band, it’s a buy opportunity. When they squeeze, a big move is coming.
*ATR*: Tells you how much to set your stop loss. Indicates how much the market is moving.
*4. For confirming volume*
*Volume + VWAP*: Helps determine if a breakout is real or fake based on volume. VWAP is king for intraday trading.
*Important:* Indicators aren't 100% reliable. They only indicate probabilities. No indicator works without risk management and stop loss.
Note: This is educational info, not financial advice. Make sure to test on demo before risking your cash
#NEARSurgesAbove3USDT $BTC $BNB #StrategyFallsOutOfTop200US $USDC