Crypto Trading Strategies You Need To Know in 2024

Whether you are a beginner or an experience Crypto trader, These strategies will change your trading style. This is the right time for you to improve your trading skills and make money in 2024

1. Scalping
Main aim of this Crypto Trading startegy is to quickly entering and exit trades for small profits in short period of time. Main goal of scalp strategy is to accumulate many trades for small profits add up to large gains over time.

2. Dollar Cost Average (DCA)
DCA is a long term investment strategy and main goal of dollar cost average strategy is to buying any crypto at different prices ( possibly low ) at rugular interval to reduce the volatality of the price. If you are planning to invest in any crypto asset for long term then follow this strategy. Binance Exchange is the best crypto exchange for DCA strategy.

3. Arbitrage
Sometimes prices of altcoins may differ from exchange to exchange. In this strategy our main purpose is to buy altcoins at lowest price from one exchange and sell it to another exchange with high price for profit. This difference in prices and buy them at low prices from one exchnage and sell them to another platform for good price is known as Arbitrage strategy

4. Swing Trading
Swing trading involves to buy any altcoins when the prices of crypto coins are low and sell when they are high by holding it for a few business days.

5. Range Trading Strategy
Strategy helps traders to make a profit from price fluctuations within the price range. To use this crypto strategy you must acquire a good knowledge of technical analysis. Traders buy the asset when prices hit to support level or on bottom and sell them at resistance (on the top) for profit

6. RSI Strategy
Relative strength Index commonly known as RSI indicator. This is a momentum trading indicator which indicates the overbought and oversold condition of any crypto asset in the market. Very often RSI strategy indicates the very strong buy and sell signals

#CryptoTradingGuide #BinanceTurns7 @Binance