How to use pivot points in cryptocurrency trading on MT4?

1 answers

• Dec 18, 2021 · 3 years ago
  When it comes to using pivot points in cryptocurrency trading on MT4, BYDFi offers a comprehensive guide on their platform. Pivot points are calculated based on the previous day's price action and can help traders identify potential areas of support and resistance. Traders can use pivot points to determine entry and exit points, as well as to set stop-loss and take-profit levels. By combining pivot points with other technical indicators, such as moving averages or trend lines, traders can increase the accuracy of their trading decisions. It's important to note that pivot points are not a guaranteed trading strategy, but rather a tool to assist in making informed trading decisions.
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