How can pivot points be used to identify potential support and resistance levels in cryptocurrency trading?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we believe that pivot points are a valuable tool for identifying potential support and resistance levels in cryptocurrency trading. They can help traders make more informed decisions and improve their trading strategies. However, it's important to remember that pivot points are just one piece of the puzzle. Traders should also consider other factors such as market trends, volume, and news events when making trading decisions. By combining different analysis techniques, traders can increase their chances of success in the cryptocurrency market.
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