What is the recommended number of pips to trade in a four-hour timeframe in the cryptocurrency market?

3 answers

• abdurrehman Saif102Mar 11, 2023 · 2 years ago
  As an expert in the cryptocurrency market, I recommend aiming for a range of 20-50 pips when trading within a four-hour timeframe. This range allows for potential profits while also considering the volatility of the market. Keep in mind that the optimal number of pips may vary depending on the specific cryptocurrency and market conditions.
  341

  171
• rifaanDec 19, 2021 · 4 years ago
  When it comes to trading in the cryptocurrency market within a four-hour timeframe, it's important to consider the volatility and liquidity of the specific cryptocurrency. While there is no one-size-fits-all answer, many traders aim for a range of 30-50 pips. However, it's crucial to conduct thorough analysis and consider risk management strategies before making any trading decisions.
  387

  129
• Teodor PetrovJul 02, 2024 · a year ago
  According to BYDFi, a popular cryptocurrency exchange, the recommended number of pips to trade in a four-hour timeframe varies depending on the cryptocurrency and market conditions. It is advisable to analyze historical data, monitor price movements, and consider technical indicators to determine the optimal range of pips for trading. Additionally, it is essential to stay updated with market news and trends to make informed trading decisions.
  446

  112