Crypto is the world’s most volatile market. However, the volatility is always considered riskier, but in the trading, it always reflects great profit. If you have a calm mind and some extra money to take risks, I will explain to you the most simple strategy to make money with the new meme coin.
First step
If you have not used the trading view or any other trading platform, don’t worry. I will explain with simple words and use little technical knowledge.
First, open the trading view platform on your browser.
When you have opened it, at the top menu, select products.
Second step
Select Trump from the assets’ menu, and on the right side you will see the indicator button.
- Click on the indicator button and select simple moving average. When the indicator is displayed on your chart. Change the setting to 120 periods. We only buy this coin when the price of this coin is up from 120 moving averages.
- Click again on the indicator and select the ADX indicator; again, we only buy the coin when the price is above the 120 moving average and the ADX is greater than 25.
Buying conditions
- If the coin price is above the moving average.
- If the ADX is greater than 25.
If both conditions are met, it’s time to open the long position.
Selling conditions
- When ADX falls and lies below 25, it is an indication that the market trend is weakening and volatile. If you have already opened the long position, it’s time to leave the market and close your order.
ADX is primarily used to confirm the trend strength of the market. When it’s over 25, it indicates a strong trend. When it’s below 25, it means there is no clear trend.
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