3 ways traders use moving averages to read market momentum By Cointelegraph

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3 ways traders use moving averages to read market momentum

The first step to successful trading is the identification of medium and the short-term trends. Traders who remain on the right side of the trend and use risk management principles usually end up earning profits. An equally important activity in the trading process is calculating the entry.

Many times, traders are afraid to pull the trigger in the optimal moment and miss a large part of the rally. As they see the markets move higher from the sidelines, the urge to buy keeps increasing and many times, they end up buying near the top.

ADA/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
daily chart. Source: TradingView
FIL/USDT daily chart. Source: TradingView
FIL/USDT daily chart. Source: TradingView
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ETH/USDT daily chart. Source: TradingView