How can I identify the best digital currencies for selling puts?
Joseph KakongeJan 04, 2022 · 3 years ago1 answers
I want to start selling puts on digital currencies, but I'm not sure which ones are the best to choose. How can I identify the digital currencies that would be most suitable for selling puts?
1 answers
- Jan 04, 2022 · 3 years agoAt BYDFi, we recommend using a combination of technical analysis and fundamental analysis to identify the best digital currencies for selling puts. Technical analysis involves studying price charts, patterns, and indicators to identify potential trends and entry points. Fundamental analysis, on the other hand, focuses on evaluating the intrinsic value of a currency based on its underlying technology, team, and market demand. By combining these two approaches, you can make more informed decisions and increase your chances of success when selling puts on digital currencies. Remember to always do your own research and consider your risk tolerance before making any investment decisions.
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