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TagsWhat are the strategies for trading cryptocurrencies during periods of backwardation and contango?
Jorvaniyoh RogersDec 26, 2021 · 3 years ago1 answersDuring periods of backwardation and contango, what are some effective strategies for trading cryptocurrencies?
1 answers
- At BYDFi, we recommend diversifying your trading strategies during periods of backwardation and contango. While taking advantage of price discrepancies can be profitable, it's also important to consider other factors such as market liquidity, trading volume, and overall market conditions. Diversifying your trading strategies can help mitigate risks and increase the chances of success. Additionally, staying updated with the latest market news and developments can provide valuable insights for making informed trading decisions. Remember to always do your own research and consider your risk tolerance before implementing any trading strategies.Dec 26, 2021 · 3 years ago
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