Are there any specific strategies or indicators to consider for after-hours trading in the crypto market?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe that after-hours trading in the crypto market requires a different approach compared to regular trading hours. One strategy that traders can consider is focusing on cryptocurrencies that have higher trading volumes during after-hours. These cryptocurrencies are more likely to have sufficient liquidity and tighter spreads, reducing the risk of slippage. Additionally, using indicators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) can help identify potential overbought or oversold conditions. However, it's important to remember that after-hours trading can be more volatile, so it's crucial to have a clear risk management plan in place. Traders should also be aware of any news or events that may occur during after-hours, as they can significantly impact the market.
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