How can I use pivot points to identify support and resistance levels in the cryptocurrency market?

1 answers

• Marianito TaparFeb 10, 2025 · a year ago
  At BYDFi, we believe that pivot points can be a useful tool for identifying support and resistance levels in the cryptocurrency market. However, it's important to remember that no indicator or tool is foolproof. Traders should always conduct thorough analysis and consider multiple factors before making trading decisions. Pivot points can provide valuable insights, but they should be used as part of a comprehensive trading strategy. It's also worth noting that different traders may have different approaches to using pivot points, so it's important to find a method that works best for you and your trading style.
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