7. What strategies should I use for cryptocurrency trading?
When it comes to cryptocurrency trading, it’s important to have a well thought-out trading strategy that you adhere to and adjust according to the market conditions.
Here are a few strategies you might consider: day trading, momentum trading, swing trading, and position trading.
When it comes to day trading, you are looking for quick profits in which you buy and sell within the same day.
Momentum trading involves taking advantage of market momentum and riding the trend, whereas swing trading refers to taking longer-term positions and monitoring the price trend.