📈 TOP 3: The Easiest Technical Indicators for Beginners (Improve Your Analysis!)
Hello, traders! Now you know how to read candles and price zones. Now, to confirm your decisions, you need tools that give you a second opinion.
Here are 3 Binance indicators that you can add to your charts today. They are simple to understand!
1. RSI (Relative Strength Index) 🟢🔴
It tells you if an asset is "overbought" (too much euphoria) or "oversold" (too much panic).
Simple Rule:
Above 70: Alert of possible retracement (overbought).
Below 30: Potential rebound (oversold).
Usage: Look for entries at Support (Part 1). If the price touches Support AND the RSI is below 30, it's a double confirmation!
2. Moving Average (MA or EMA) 📊
A line that smooths the price and shows you the dominant trend.
Simple Rule:
Bullish Trend: The price is ABOVE the MA.
Bearish Trend: The price is BELOW the MA.
Usage: The MA (50 or 200 periods) often acts as dynamic Support/Resistance. A bounce on this line can be a buy signal!
3. Volume 📉
Measures the strength behind a price movement (the green/red bars at the bottom).
Simple Rule:
Strong Candle + High Volume: The movement is reliable.
Strong Candle + Low Volume: The movement is suspicious (it could be a trap).
Usage: Use it to confirm breakouts. If $BTC breaks a Resistance (Part 1) with high volume, that breakout is real!
💡 PRO Tip! Never use an indicator alone. Use them as a filter to confirm your Support/Resistance levels.
If this post gave you new tools, give it a 'Like' ❤️ and follow me for the last part of your training.
👇 Question: Which of these 3 indicators are you going to try today on your $BTC chart?
