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12/7/2024 11:42:28 AM (GMT+1)

How to recognize a trending market?

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A trending market is a key characteristic of successful trading and investment in cryptocurrency. To recognize a trend, it is important to watch for several key signs. First, a trend is always characterized by a directed price movement: if the market steadily rises or falls over a long period, this could be an indicator of a trend. Second, it is important to analyze trading volumes. Increased activity often confirms the strength of the trend. Finally, using indicators such as moving averages and RSI helps to more clearly determine the right moment to enter the market.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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