SMC trading technique

There are two SMC, I would be talking about the other one tomorrow, but today I going to focus on Single Moving Coin (SMC) which is a very straightforward trading technique use to make profit from crypto trading, it focuses on simplicity and a single moving average, thats is to say a single moving average is used to easily find credible trend line monitoring the asset value on a selected or preferred time frame.

Here's the way the technique SMC works: whenever the current price of an asset is seen crossing above its moving average, it's noted as a bullish sign, that's to say that the value of the asset would increase. whenever the current price of an asset is seen crossing below its moving average, it's noted as a bearish sign, that's to say that the value of the asset would decrease. That is if the price crosses below the moving average, it might suggest a bearish trend.

What's interesting about SMC is its simplicity. Instead of using so much complex indicators, it shows a clear-cut signal, this signal are known
to be user-friendly for types of trader,

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How to use the SMC technique

🔥 Pick Your desired Moving Average Period:

Choose a nice trading time-frame for your moving average. The shorter the period the faster the indicator, the Shorter the time frame the faster the trading movement or response. For example using Shorter periods like 20 days would react quickly to price changes, but longer periods like 200 days gives slower and more stable signals from the overall trend.

🔥 Watch for Crosses:

Keep an eye on how the current price trends and how this current price of stock assets and crypto assets interacts with the moving average. So a trader can easily pick up signal in time whether bearish signal and bullish trading signals. That's to say carefully check all candles Crossing above for bullish signal, crossing below to get bearish signal.

🔥 Run your confirmation with other technical tools: Most traders add some more powerful indicators or technique to help confirm trading signals to avoid losing so much money, for example some traders uses candles stick readings, some use chartist analysis, some uses volume analysis or support and resistance lines. Moreover it's not smart trading with just one technical analysing strategy or tool because no tool is 100% accurate all the time.

🔥 Manage Your Risks: Like any other trading strategy, SMC needs traders to add risk management to their analysis to reduce the chances of losing money, using smart take profit signal and efficient stop loss that is not influence by greed. Using a technical tool well could produce efficient risk management technique that could generate you massive profit in no distance time.

🔥Stay Adaptive: Cryptocurrencies Markets are usually dynamic due to different reasons such as fundamental news, emergence of new whales into the crypto market. So therefore ensure your strategy be dynamic in correspondence to the market trends. My advice
is to be always ready to adjust your technique based on changing market conditions, so that you won't be left out .

Despite its power, SMC also gives false errors sometimes mostly in a sideway market because the SMC is good in a trending market. So therefore trade with caution to avoid mistake.

Thanks for going through remember starrchris cares ❤️