Are there any specific strategies for trading cryptocurrencies during after-market hours?

1 answers

• Mar 19, 2022 · 3 years ago
  At BYDFi, we recommend taking a cautious approach when trading cryptocurrencies during after-market hours. The lower liquidity and increased volatility during this time can make it riskier to execute trades. However, if you still want to trade during after-market hours, one strategy is to focus on cryptocurrencies that have a strong community and active trading during this time. These cryptocurrencies are more likely to have higher liquidity and better trading opportunities. Additionally, it's important to set stop-loss orders to limit potential losses and to stay updated on any news or events that may impact the market. Overall, it's crucial to carefully assess the risks and potential rewards before trading cryptocurrencies during after-market hours.
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