What are the recommended timeframes for 24/7 crypto trading?

1 answers

• Amrit GautamAug 13, 2024 · a year ago
  As a representative from BYDFi, I would recommend considering multiple timeframes when engaging in 24/7 crypto trading. Different timeframes provide different perspectives on price movements and can help you make more informed trading decisions. For short-term traders, smaller timeframes like 1-minute or 5-minute charts can be useful for identifying quick opportunities. Medium-term traders may find 1-hour or 4-hour charts more suitable for capturing trends that last several hours or days. Long-term traders, on the other hand, may prefer daily or weekly charts to identify major trends and make strategic investment decisions. It's important to choose timeframes that align with your trading goals and risk tolerance. Remember, successful trading requires continuous analysis and adaptation to changing market conditions.
  826

  413