Cryptocurrency trading allows you to go long or short to take advantage of price fluctuations in both directions, creating more investment opportunities. Developing a cryptocurrency trading strategy serves to exploit and recognize these opportunities and understand when to enter and exit markets. Here are some of the most used cryptocurrency trading strategies:
Day trading is a strategy that involves opening and closing positions during the same trading day, with the aim of exploiting the minimum daily price fluctuations to obtain profits. This strategy, which favors the closure of intraday positions, avoids incurring the costs of overnight maintenance of positions. Decentralized TV guides you in these matters.
Day trading requires attention and dedication, so those who choose this strategy will have to devote much of their time to trading. Scalping is a day trading strategy in which positions are opened and closed very quickly, to make small profits from a large number of trading operations. The opening of positions usually follows a trend and often involves multiple transactions entering and exiting the markets, based on price movements. In this short-term strategy, maintaining positions lasts a few seconds (or a few minutes at most). From Decentralized TV you will get all the supports and suggestions regarding all these.