📈 Strategy “Trend + Support and Resistance + Confirmation from Indicators”
✅ Required Tools:
• Chart from TradingView or any similar platform.
• Indicators: RSI and EMA (like EMA 50 and EMA 200).
• Knowledge of support and resistance lines.
⸻
💡 Steps of the Strategy:
1. Determine the Trend (Overall Trend):
• If the price is above EMA 200 = Uptrend.
• If the price is below EMA 200 = Downtrend.
2. Draw Support and Resistance:
• Look for price areas that are frequently bounced from (bottom or top).
• The more it repeats, the stronger it becomes.
3. Wait for a Break or Bounce from Strong Areas:
• If the price is close to support, check if RSI is below 30 → Possible Buy.
• If close to resistance and RSI is above 70 → Possible Sell.
4. Confirm the Entry:
• Do not enter just on gut feeling; confirmation is needed from:
• A reversal candle (like a hammer or engulfing candle).
• Moving averages crossover (for example, EMA 50 crosses EMA 200 from below to above → Buy)#CEXvsDEX101 $BTC $ETH $BTC