What are the recommended timeframes for swing trading cryptocurrencies while working full-time?
SeverinDenisenkoDec 26, 2021 · 3 years ago3 answers
As a full-time worker, what timeframes would you recommend for swing trading cryptocurrencies? I want to optimize my trading strategy while balancing my work commitments.
3 answers
- Dec 26, 2021 · 3 years agoAs a crypto enthusiast who also works full-time, I understand the challenges of finding the right timeframes for swing trading. Based on my experience, I recommend focusing on the daily and 4-hour timeframes. These timeframes provide a good balance between capturing short-term price movements and allowing you to manage your trades effectively while working. Keep in mind that swing trading requires patience and discipline, so it's important to set clear entry and exit points and stick to your strategy.
- Dec 26, 2021 · 3 years agoWhen it comes to swing trading cryptocurrencies while working full-time, it's crucial to choose timeframes that align with your availability. I suggest considering the 1-hour and 15-minute timeframes. These shorter timeframes allow you to monitor price movements more frequently and make quick decisions. However, it's important to note that shorter timeframes can also be more volatile, so it's essential to have a solid risk management plan in place.
- Dec 26, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the 4-hour and 1-hour timeframes for swing trading while working full-time. These timeframes provide a good balance between capturing short-term price movements and allowing you to manage your trades effectively. Remember to conduct thorough technical analysis and consider other factors such as market trends and news before making any trading decisions. Happy trading!
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