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TagsWhat strategies do cryptocurrency whales use in their trades?
rohit dwivediJan 14, 2022 · 3 years ago1 answersWhat are some of the strategies that cryptocurrency whales employ when trading? How do they manipulate the market to their advantage and make significant profits?
1 answers
- Cryptocurrency whales also employ technical analysis in their trading strategies. They use various indicators and chart patterns to identify potential entry and exit points. For example, they may look for support and resistance levels, moving averages, and other technical signals to make informed trading decisions. Additionally, whales often have automated trading systems in place, known as trading bots, which can execute trades based on pre-defined rules and algorithms. These bots can analyze market data and execute trades at a much faster pace than human traders, giving whales an advantage in the market.Jan 14, 2022 · 3 years ago
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