Momentum trading is closely related to trend following but usually refers specifically to buying based on recent relative performance. An asset that's outperformed over the last N days/weeks is bought on the expectation that outperformance persists a while longer, a well-documented (if not permanent or risk-free) pattern across many markets and timeframes.
Single-asset momentum (buy this coin because it's been strong) and cross-sectional momentum (rank a basket of assets by recent return, buy the top performers, drop the laggards) are related but distinct approaches. The first is a timing signal on one asset, the second is a relative rotation across many.
zengtrade's momentum-based strategy uses a volatility-breakout trigger (a new high on above-average volume) as its momentum signal, the same underlying "recent strength persists" premise as classical momentum, applied at the single-asset level.
Educational content, not investment advice. zengtrade is paper-first and non-custodial.