Which TradingView charting tools are most useful for Polkadot traders?
AstrogrammerDec 18, 2021 · 3 years ago1 answers
As a Polkadot trader, I'm looking to optimize my trading strategy using TradingView charting tools. Which specific tools on TradingView would be the most useful for me to analyze and make informed decisions about Polkadot trading?
1 answers
- Dec 18, 2021 · 3 years agoAs a Polkadot trader, one of the most useful TradingView charting tools I have found is the Fibonacci retracement tool. This tool helps identify potential support and resistance levels based on key Fibonacci ratios. By drawing Fibonacci retracement levels on the Polkadot price chart, traders can anticipate price reversals and plan their entry and exit points accordingly. Additionally, the Volume Profile indicator is another valuable tool for Polkadot traders. It displays the volume traded at each price level, allowing traders to identify areas of high liquidity and potential price reversals. These charting tools have greatly improved my trading accuracy and helped me make more profitable trades on Polkadot.
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