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Are there any specific strategies for trading cryptocurrencies when futures markets open on Sundays?

avatarMohd SarimNov 26, 2021 · 3 years ago1 answers

What are some effective strategies for trading cryptocurrencies when futures markets open on Sundays?

Are there any specific strategies for trading cryptocurrencies when futures markets open on Sundays?

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we recommend a strategy called 'Sunday Swing Trading'. This strategy involves identifying cryptocurrencies that have experienced significant price movements during the opening hours of the futures markets on Sundays. Traders can then take advantage of these price movements by entering positions and holding them for a short period of time, typically a few hours or a day. This strategy requires careful analysis of market trends and the ability to quickly execute trades. It's important to note that this strategy may not be suitable for all traders and carries its own risks. It's always recommended to do thorough research and practice risk management when trading cryptocurrencies.