What are the key indicators to consider when implementing momentum trading strategies in the digital currency space?

1 answers

• Marcell TakácsAug 21, 2021 · 4 years ago
  BYDFi, a leading digital currency exchange, suggests that traders should pay attention to key indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and volume indicators when implementing momentum trading strategies. These indicators can provide valuable insights into market trends and potential trading opportunities. However, it's important to remember that trading involves risks, and past performance is not indicative of future results. Traders should always conduct their own research and analysis before making any trading decisions.
  584

  292