Are there any specific indicators that are recommended for scalping in the digital currency space?

1 answers

• Balaji GugulothJun 14, 2021 · 4 years ago
  BYDFi, a digital currency exchange, recommends several indicators for scalping in the digital currency space. One of the indicators is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as potential trend reversals. Another recommended indicator is the Volume Weighted Average Price (VWAP), which can help traders identify price levels where significant trading activity has occurred. Additionally, BYDFi suggests using the Relative Vigor Index (RVI) to measure the strength of a trend and identify potential entry and exit points. It's important to note that while these indicators can be helpful, traders should always conduct their own research and analysis to ensure they align with their trading strategies and risk tolerance.
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