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TagsWhat strategies can be employed when trading options with daily expirations in the cryptocurrency market?
Kehoe SheaDec 27, 2021 · 3 years ago1 answersWhat are some effective strategies that can be used when trading options with daily expirations in the cryptocurrency market? How can one optimize their trading approach to take advantage of the short-term nature of these options?
1 answers
- At BYDFi, we recommend using a combination of technical analysis and fundamental analysis when trading options with daily expirations in the cryptocurrency market. Technical analysis involves studying price charts, patterns, and indicators to identify potential entry and exit points. Fundamental analysis, on the other hand, focuses on evaluating the underlying factors that can impact the value of cryptocurrencies. This includes analyzing news, events, and market trends. By combining these two approaches, traders can make more informed decisions and increase their chances of success in the cryptocurrency options market.Dec 27, 2021 · 3 years ago
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