General
DEXTools isn’t just for beginners. Seasoned traders can greatly benefit from its advanced features.
- In this previous article we talked about the 10 key factors that can make your operations safer and more profitable.
- In this other article, we explained 8 essential security tips to protect your crypto assets.
Now, we will explore 7 advanced trading strategies using DEXTools to optimize your trading and increase your profits.
Here, you can access our DEXTboard to start exploring yourself.
Optimize your strategy with DEXTools’ features
We’ll soon share our 7 strategies with you. But first, we’ll remind you of some powerful features and improvements that DEXTools offers to help you implement them:
- Full Trade History: Review detailed trade data with an improved interface. Effortlessly access all the information you need, with a new PAUSE button for smoother navigation!
- Top Traders: Track smart money wallets and early buyers, sort by profits, and view token transfers.
- Volatility Index: Helps with new token investments, catering to both conservative and adventurous traders.
- Search bar with options display: Find new gems easily!
5 Strategies Based on Technical Analysis
Technical analysis is essential for any advanced trader. DEXTools offers a wide range of technical indicators to help you identify trends, support and resistance levels, and other important patterns. Here are some strategies you can implement:
1-Moving Averages (MA): Moving averages are crucial for identifying market trends. Use simple moving averages (SMA) or exponential moving averages (EMA) to detect trend changes. For instance, a crossover of a fast EMA above a slow EMA may indicate a buy signal.
2–Volume Indicators: Trading volume is a key indicator of trend strength. The Volume Indicator in DEXTools helps you validate price movements. A price increase accompanied by high volume is more likely to be sustainable.
3-RSI and MACD Analysis: The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are two popular indicators. RSI helps identify overbought or oversold conditions, while MACD can signal changes in market direction.
Real-Time Data-Based Trading Strategies
4-Whale Monitoring: DEXTools allows you to monitor large-volume transactions, known as “whale movements.” Observing these transactions can help you identify potential market moves before they happen. Using DEXTools alerts to monitor these activities can give you a significant competitive advantage.
5-Market Liquidity and Depth: Analyzing market liquidity and depth is crucial to avoid slippage and better understand the trading environment. DEXTools offers tools that display order book depth and available liquidity, helping you make more informed decisions on when and how to enter and exit the market.
2 Risk Management Strategies
Effective risk management is essential for advanced trading. Here are some strategies you can implement using DEXTools:
1-Setting Stop-Loss and Take-Profit Orders: DEXTools allows you to set automatic stop-loss and take-profit orders to manage your positions. This not only protects your profits but also minimizes losses in adverse market movements.
2-Portfolio Diversification: Diversification is key to risk mitigation. Use DEXTools to explore and analyze different assets, allowing you to diversify your portfolio and reduce exposure to any particular asset.
Remember that all the power and versatility of TradingView Advanced Charts is integrated into DEXTools. This helps traders have access to over 100 indicators and 50 drawing tools, enhancing analysis with features like Fibonacci, Gann, and Elliot wave functionality for advanced market trend insights.
You now have the strategy and the tools. Go ahead and get started!
- DEXTools offers a wide range of functionalities that advanced traders can leverage to optimize their trading strategies. From detailed technical analysis to real-time monitoring and risk management, DEXTools is an essential tool for any serious trader.
- Explore more on maximizing DEXTools usage by visiting our website. And check out other articles and +300 terms glossary in our Academy, to stay informed about the latest trends and tips in the crypto and DeFi world.
- Remember that you can also download the DEXTools mobile app in IOS and Android versions.
Have a happy and safe trading!
