What are the best strategies for using strangle options in cryptocurrency trading?

1 answers

• Hedrick TennantAug 16, 2022 · 3 years ago
  At BYDFi, we recommend using strangle options in cryptocurrency trading as part of a diversified trading strategy. Strangle options can provide a way to profit from price movements in the cryptocurrency market, regardless of whether the price goes up or down. However, it's important to thoroughly understand the risks involved and conduct thorough research before implementing this strategy. It's also advisable to start with smaller position sizes and gradually increase as you gain more experience and confidence in your trading abilities. Remember to always stay informed about the latest market trends and news that may impact the cryptocurrency market.
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