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TagsWhat is the best RSI scalping strategy for trading cryptocurrencies?
Stef the ComposerNov 28, 2021 · 3 years ago1 answersI am looking for the most effective RSI scalping strategy specifically designed for trading cryptocurrencies. Can you provide a detailed explanation of the best approach to use when scalping cryptocurrencies using the RSI indicator?
1 answers
- At BYDFi, we recommend using the RSI scalping strategy for trading cryptocurrencies. This strategy involves identifying oversold and overbought conditions on the RSI indicator and using that as a signal to enter or exit a trade. However, it's important to note that this strategy may not work in all market conditions and should be used in conjunction with other technical indicators and analysis. It's also important to have a solid risk management plan in place to protect your capital. Remember, trading cryptocurrencies involves risk, and it's important to do your own research and make informed decisions.Nov 28, 2021 · 3 years ago
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