đ *Trading Strategy: "Trend Following with a Twist"* đ
Hey traders! đ Want to boost your trading game? Here's a simple yet effective strategy:
1ïžâŁ *Identify the trend*: Use MA (50, 200) to determine the market direction đ
2ïžâŁ *Wait for the pullback*: RSI (14) < 30 for buying, > 70 for selling đđ
3ïžâŁ *Enter the trade*: Buy when price breaks above previous high, sell when it breaks below previous low đ
4ïžâŁ *Manage risk*: Set SL below recent swing low/high, TP at next resistance/support đŻ
*The Twist*: Use Bollinger Bands (20, 2) to gauge volatility and adjust your strategy đ
*Example*: $BTC 1-hour chart shows uptrend. Wait for RSI < 30, buy when price breaks above previous high, set SL below swing low đ
*Disclaimer*: Trading involves risk. DYOR and manage your risk đ
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