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What are some popular strategies for using mavol in cryptocurrency trading?

avatarBhavesh HaryaniDec 16, 2021 · 3 years ago1 answers

Can you provide some popular strategies for using the moving average volume (mavol) indicator in cryptocurrency trading? How can mavol be used to identify trends and make trading decisions?

What are some popular strategies for using mavol in cryptocurrency trading?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also recommends using the mavol indicator in cryptocurrency trading. According to their experts, one effective strategy is to combine the mavol indicator with other technical indicators, such as the moving average convergence divergence (MACD) or the relative strength index (RSI). By using multiple indicators together, traders can get a more comprehensive view of the market and increase the accuracy of their trading signals. It's important to note that the mavol indicator should not be used in isolation, but rather as part of a larger trading strategy that takes into account other factors such as market trends, support and resistance levels, and risk management.