How can I find the most effective volume indicators for day trading digital currencies?

1 answers

• NoirCurlNov 27, 2023 · 2 years ago
  At BYDFi, we recommend using the Relative Volume indicator for day trading digital currencies. This indicator compares the current trading volume to its average volume over a specific period of time. A higher relative volume indicates increased market activity and can help identify potential trading opportunities. It's important to note that no indicator is foolproof, and it's always a good idea to combine volume indicators with other technical analysis tools and market research. Remember to always do your own research and consider your risk tolerance before making any trading decisions.
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