Top Six trading strategies in Cryptocurrencies
Trend Following Buy when the price is rising and sell when the price is falling, based on the direction of the overall market trend.
Breakout Trading Enter a trade when the price breaks above a resistance level or below a support level.
Range Trading Identify price levels of support and resistance and trade within the established range by buying at support and selling at resistance.
Mean Reversion Take positions against the prevailing trend, assuming that prices will revert to their average value after deviating too far from it.
News-Based Trading React to significant news events or announcements that could impact the cryptocurrency market
Scalping Execute multiple quick trades to profit from small price movements
Follow Top Six trading strategies in Cryptocurrencies
Next : Guru Nanak's Profound Quotes: Illuminating Wisdom on His Death Anniversary
Read More