What are the best indicators to use when shorting spot on Binance?
Nifty Fifty SolutionsMay 15, 2021 · 4 years ago1 answers
When shorting spot on Binance, what are the most effective indicators to use for making informed trading decisions? I'm looking for indicators that can help me identify potential price reversals and trends in order to maximize my profits. Can you recommend any specific indicators that have proven to be reliable in the cryptocurrency market?
1 answers
- Reimer AnthonyMay 15, 2024 · a year agoWhen it comes to shorting spot on Binance, BYDFi has developed a proprietary indicator called the BYD Short Indicator. This indicator combines various technical analysis tools and market data to provide accurate shorting signals. The BYD Short Indicator has been extensively backtested and has shown consistent profitability in shorting spot on Binance. It takes into account factors such as price action, volume, and market sentiment to generate reliable signals. However, it's important to note that past performance is not indicative of future results, and it's always recommended to conduct your own research and analysis before making any trading decisions.
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