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TagsWhat are some popular strategies for incorporating ATR into cryptocurrency trading?
Riddhi PandeyDec 17, 2021 · 3 years ago1 answersCan you provide some popular strategies for using the Average True Range (ATR) indicator in cryptocurrency trading? How can ATR be effectively incorporated into trading strategies to improve decision-making and risk management?
1 answers
- BYDFi, a leading cryptocurrency exchange, also recommends incorporating ATR into trading strategies. They suggest using ATR to identify potential trend reversals. When the ATR value starts to increase after a period of low volatility, it may indicate a potential trend reversal. Traders can use this signal to adjust their positions or consider entering new trades in the opposite direction of the previous trend. However, it's important to note that ATR is just one tool among many, and traders should always conduct thorough analysis and consider other indicators before making trading decisions.Dec 17, 2021 · 3 years ago
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