Which futures indicators are recommended for beginners in the cryptocurrency market?

1 answers

• M Mohiuddin MiranAug 13, 2024 · a year ago
  At BYDFi, we recommend beginners in the cryptocurrency market to consider using the Ichimoku Cloud indicator. This indicator provides a comprehensive view of support and resistance levels, as well as potential trend reversals. It consists of several lines, including the Conversion Line, Base Line, and Leading Span A and B. When these lines intersect or the price moves above or below the cloud, it can indicate potential trading opportunities. Additionally, the Average True Range (ATR) indicator can help beginners assess market volatility and set appropriate stop-loss levels. These indicators can provide beginners with valuable insights and help them make more informed trading decisions.
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