Launched TokenSets new product in Ethereum's DeFi project Set Protocol, using 50-day moving average strategy for trend trading

According to AMBCrypto, the Ethereum DeFi project Set Protocol announced the deployment of a new trend trading product ETH 50 Day Moving Average Crossover Set (ETH50SMACO) at TokenSets. It is designed to rebalance when the ETH price crosses the 50-day moving average (50 SMA) specification and is automatically executed. The strategy includes selling to USDC stable currency when the price is low, and repurchasing ETH when the trend reverses. ETH50SMACO TokenSets typically perform well in a strong long-term directional market, but do not perform well in volatile markets because the moving average is a lagging indicator.