Are there any exceptions to the 3 day rule in the cryptocurrency market?

3 answers

• Dec 28, 2021 · 3 years ago
  While the 3 day rule is generally a good guideline to follow in the cryptocurrency market, there can be exceptions. For example, if there is a sudden and significant market event or news that could greatly impact the price of a particular cryptocurrency, it might be wise to make a decision before the 3 day period. However, it's important to note that such exceptions should be based on thorough research and analysis, and not on impulsive reactions to short-term market fluctuations.
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• Dec 28, 2021 · 3 years ago
  In my experience, the 3 day rule is a useful strategy for minimizing risks in the cryptocurrency market. However, there are situations where it may not be practical to wait for three days. For instance, if you notice a clear and immediate opportunity for profit, it might be worth taking action sooner rather than later. Just remember to always consider the potential risks and do your due diligence before making any quick decisions.
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• Dec 28, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the 3 day rule is a general guideline that can help traders avoid impulsive and emotional decisions. However, it's important to understand that every trading situation is unique, and there may be exceptions to this rule. It's always recommended to analyze the market conditions, study the charts, and consider other relevant factors before making any trading decisions, regardless of the time frame.
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