What are the recommended time frames for day trading options in the cryptocurrency market?

1 answers

• May 08, 2022 · 3 years ago
  As an expert at BYDFi, a leading cryptocurrency exchange, I can recommend using multiple time frames for day trading options in the cryptocurrency market. Start by analyzing the higher time frames like the 1-hour or 4-hour charts to identify the overall trend. Then, zoom in to shorter time frames like 15 minutes or 30 minutes to find entry and exit points. This approach allows you to capture both the big picture and the short-term price movements. Remember to consider factors like volume, liquidity, and market sentiment when selecting your time frames. Happy trading!
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