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…This is why volume and other indicators, like the Relative Strength Index (RSI) or stochastic oscillator, are often used to confirm a breakout’s strength.Traders often use breakouts as entry points for positions in hopes of riding the trend following a breakout.Key TakeawayIn cryptocurrency trading, a breakout occurs when the price of a digital asset moves above a specific resistance level or below a support level with increased volume.Related WordsSolana Program LibraryThe Solana Program Libr…
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…Common indicators used in Bitcoin trading include moving averages (MAs), Relative Strength Index (RSI), and Bollinger Bands. By understanding these indicators, traders can make more informed decisions about when to buy or sell. New to technical analysis? Learn the fundamentals here. 2. Stop-Loss Orders A stop-loss order is an order placed with a broker to buy or sell once the price of an asset reaches a certain level. In a volatile market, setting stop-loss orders can help protect against signif…
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…Technical indicators like Bollinger Bands, the Relative Strength Index (RSI), and stochastic are used to better understand whether a digital asset is overbought and potentially verging on a price reversal.Key TakeawayOverbought is a term to describe a cryptocurrency that has had its price increase more than its fundamentals would allow, either briefly or for an extended period of time.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source…
…Some common technical indicators that traders use are the Relative Strength Index (RSI) and Bollinger Bands. While nobody knows precisely if or when an oversold cryptocurrency will reverse, traders use indicators like these to help make an educated decision on the cryptocurrency.For example, a stablecoin with sufficient collateral to cover all of its issued tokens is trading lower than its pegged value: If it is redeemable, arbitrage should quickly return it to its true value; if it is not, the …
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…Additionally, a lack of volume or conviction behind the price movement can lead to weak follow-through, and overbought or oversold conditions may cause temporary price spikes or dips, which are quickly corrected.Ways to avoid false breakouts include ensuring the breakout is supported by strong trading volume, as low volume may indicate a lack of genuine buying or selling interest, and waiting to see if the price retests the breakout level and holds, which can confirm the breakout’s validity.Ad…
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…Traders can place stop-loss orders just below a support level when buying or just above a resistance level when selling. — Example: If a trader buys Bitcoin at $60,000, they might set a stop-loss order at $59,000 to limit potential losses if the support fails. Combining Resistance and Support Levels With Other Indicators While resistance and support levels are powerful on their own, combining them with other technical indicators can enhance trading decisions, as shown below. Relative Strength …
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…Traders can place stop-loss orders just below a support level when buying or just above a resistance level when selling. — Example: If a trader buys Bitcoin at $60,000, they might set a stop-loss order at $59,000 to limit potential losses if the support fails. Combining Resistance and Support Levels With Other Indicators While resistance and support levels are powerful on their own, combining them with other technical indicators can enhance trading decisions, as shown below. Relative Strength …
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OKB Price | Charts | Crypto.com OKB USD Price Today - discover how much 1 OKB is worth in USD with converter, price chart, market cap, trade volume, historical data and more. OKB Price | Charts | Crypto.comCoins: 26,548Market Cap: $3,436.39 B USD24H Change: -1.56%24H Volume: $115.58 B USDDominance: BTC: 60.00%, ETH: 8.54%ETH Gas: 0 GweiAll PricesOKB PriceOKBOKBShareDownload$51.90 USDN/A(24H)0.0004983 BTC-2.84%(24H)PriceTradingViewOKB Price Chart (USD)Loading...Market Cap (USD)$3.11 B24H VO…
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NFT Sales Volume Index (7D) A succinct definition of NFT Sales Volume Index (7D) NFT Sales Volume Index (7D)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNFT SALES VOLUME INDEX (7D)Copy linkShare on TwitterShare on FacebookShare on LinkedinNFT Sales Volume Index (7D)The NFT Sales Volume Index (7D) is calculated to select the top 25 non-fungible token (NFT) collections by multiplying the number of editions sold by the price of an item over a previous seven-day period.This metri…
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Fear & Greed Index A succinct definition of Fear & Greed Index Fear & Greed IndexLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFEAR & GREED INDEXCopy linkShare on TwitterShare on FacebookShare on LinkedinFear & Greed IndexThe Fear & Greed Index is a sentiment analysis tool designed to gauge the emotions and behaviours of the broader cryptocurrency market. It helps traders understand whether the market is being driven by fear (which could lead to undervalued pric…
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