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TagsAre there any specific cryptocurrencies that are more suitable for implementing a straddle or a strangle strategy?
AlexandrFeb 19, 2022 · 3 years ago1 answersWhich cryptocurrencies are considered more suitable for implementing a straddle or a strangle strategy? What factors should be considered when choosing cryptocurrencies for these strategies?
1 answers
- At BYDFi, we believe that Bitcoin (BTC) and Ethereum (ETH) are two cryptocurrencies that are particularly well-suited for implementing a straddle or a strangle strategy. These cryptocurrencies have a large user base and a well-developed options market, providing traders with ample opportunities to execute these strategies. However, it's important to note that the suitability of cryptocurrencies for these strategies may vary depending on individual risk tolerance and trading objectives. Traders should conduct thorough research and analysis before implementing any trading strategy, including straddle or strangle strategies, to ensure they align with their investment goals and risk appetite.Feb 19, 2022 · 3 years ago
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