The cryptocurrency market is known for its high volatility. For those with high risk appetite, short-term trading is an ideal path to catch the trend and achieve quick profit-seeking. Prices may soar due to a piece of news or collapse due to emotions. Seizing these opportunities requires keen insight, precise tools and iron-fisted discipline. The following are specific strategies to help you pan for gold in the turbulent times.
1. Technical analysis: the navigator of the trend
Short-term trading relies on technical analysis to capture trends. K-line charts reveal price patterns, such as "ascending triangles" that indicate breakthroughs; moving average crossovers (such as 50-day crossing 200-day) prompt buying and selling points; RSI overbought (>70) or oversold