What are the best strategies for using VWAP in cryptocurrency trading?

1 answers

• Jan 15, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends incorporating VWAP into your trading strategy. VWAP can provide valuable insights into market trends and help identify potential entry and exit points. By comparing the current price to VWAP, traders can determine whether the asset is overbought or oversold, and make trading decisions accordingly. Additionally, VWAP can be used as a reference point for setting stop-loss orders and profit targets. However, it's important to note that VWAP is just one tool among many, and should be used in conjunction with other indicators and analysis methods for a comprehensive trading strategy.
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