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RE: Steemit Crypto Academy Contest / S14W5 -Exploring STEEM/USDT trading

in SteemitCryptoAcademy9 months ago

Greetings friend, Happy New year to you too..

You did a great job explaining how the crossover between the MACD line and the signal line can tell us when to buy or sell. The pictures really help us understand it better. Not to forget what you mean about the upper and lower bands being like levels of support and resistance. You also nailed the explanation of how the Stochastic Oscillator confirms if the market is going up or down.

Stop-loss is super important, it's like a safety net to protect your investment, whereas diversification is all about spreading our investments across boards to reduce risk. It's like having different baskets for your eggs, so if one drops, you're still good.

You covered the fundamental factors really well, like announcements and stablecoins, and how they can impact trading and your explanation of trading volume is clear as day. When it goes up, it's like a crowd getting louder, and that can be a good sign. In all you've presented a good job, all the best.

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