Cryptocurrency Prices Action Strategy Shiba Inu (Shib)
The cryptocurrency world has recently been full of recent trends and commercial strategies. Among the many accessible cryptocurrencies, the famous name is Shiba Inu (SHIB), a decentralized digital currency that attracted the attention of investors and merchants equally. As the SHIB price continues to fluctuate wildly, it is necessary to develop strategies for using these fluctuations and make reasonable commercial decisions.
Understand the price action
Price action means a visual image of the market movement, including trends, reverse and sequel. Traders who understand the price action can determine models, outbreaks and other key features that indicate possible commercial capabilities. SHIB will focus on price strategies that contain the following indicators:
* Relative Resistance Index (RSI): This indicator measures the size of the latest price changes to determine excessive or general conditions.
* Bollinger bands: These tapes visualize volatility and provide a range of prices to fluctuate.
* Mobile phone average: Long trends, short -term impulses and average return strategies depend on these lines to identify commercial capabilities.
Shib’s trade strategy
Here are some price strategies that can be applied to Siba Inu Trading:
- Other trend with RSI and Bollinger groups:
* Determine the tendency (a bull or decrease in the trend) by examining the development of RSI and Bollinger tape.
* When RSI reaches 70, it is considered to be too much. The rupture of the upper band shows a strong bull trend.
* On the contrary, when RSI reaches 20, it is too large and a break under the lower strip shows a weak decreasing trend.
- Average return with mobile phones averages:
* Determine the trend (bull trends or bassist tendency) by observing the averages of mobile phones.
* When, in the short term, MA crosses over MA for a long time, a signal is indicated.
* On the contrary, when MA crosses below ma in a short term, the bear signal is indicated.
- PLuture Trade:
* Set possible Bollinger band rupture points or other price indicators.
* When the price action indicator indicates that prices are going to break the bull trend line or resistance, it’s time to buy shib.
- Range -Premation:
* Specify the upper and lower boundaries of the negotiation range (support and resistance levels).
* When a consolidation of the price in the range, this may be due to the new range break.
Example of Trade Plan:
Here is a negotiation plan that includes some of the following strategies:
|
Trade ID |
Data |
Time |
Input |
Departure |
| — | — | — | — | — |
| ۱ | January 10 at 14:00 | Buy when RSI reaches 70, Bollinger Band Development> Superior Band | Sell Breakout above resistance zones |
| ۲ | January 12 at 15:30 | Buy when the action of the price (50 periods) will be crossed above ma, Bear Tendance | Sell when the price returns to the level of support
| ۳ | February 1 | 11:00 | Buy when RSI reaches 20, Bollinger Band Expanding
Tips and considerations:
While these strategies provide a solid foundation for Shib trade, consider the following:
* Risk Management: Always set stages and size of position to soften potential losses.
* Commercial frequency: Commerce based on its risk tolerance and market conditions. It is important to be disciplined by your exchange plan.
* Risk Assessment: Conduct a thorough investigation before the trade, including understanding of the basic SHIB bases and its technical indicators.
Conclusion:
Price Strategies can help traders to determine possible commercial capabilities at ŠIB.
