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TagsWhat are the best indicators to use on TradingView for XLM trading?
Jamison OlsenDec 15, 2021 · 3 years ago1 answersI'm new to trading XLM on TradingView and I'm wondering what indicators would be the most effective to use. Can you recommend the best indicators to use for XLM trading on TradingView? I want to make informed trading decisions and maximize my profits.
1 answers
- At BYDFi, we recommend using a combination of indicators for XLM trading on TradingView. Some of the indicators that our traders find helpful include the Stochastic Oscillator, which measures overbought and oversold conditions, and the Fibonacci retracement tool, which helps identify potential support and resistance levels. Additionally, the Parabolic SAR can be useful in determining trend direction and potential reversal points. It's important to note that indicators should be used as a tool to support your trading decisions, and it's always a good idea to combine them with other forms of analysis and market research.Dec 15, 2021 · 3 years ago
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