Suitable Trading Hours on Binance
The best trading hours on Binance depend on the cryptocurrency and your trading strategy. Here are some suggestions:
1. Based on Global Trading Sessions
US Session (7:00 PM – 2:00 AM Vietnam Time): This is the most active period with the highest trading volume, especially for Bitcoin and major altcoins. Prices are highly volatile, suitable for traders seeking fast-paced action.
European Session (2:00 PM – 7:00 PM Vietnam Time): Price movements are relatively stable, with moderate trading volume, ideal for mid-term strategies.
Asian Session (7:00 AM – 2:00 PM Vietnam Time): A quieter period, good for traders focusing on technical analysis in low-volatility environments.
2. Depends on the Cryptocurrency
Bitcoin (BTC): Active throughout the day but sees significant movement during overlapping US and European sessions.
Smaller Altcoins: Prices often spike during news releases or sudden liquidity inflows, particularly during the US session.
3. Times to Avoid
During Major News Events: Avoid trading around significant economic news or events impacting the cryptocurrency market.
Low Liquidity Hours: Between 2:00 AM – 7:00 AM Vietnam Time, low liquidity can cause erratic price fluctuations.
4. Personal Recommendations
Short-Term Trading: Focus on high-volume hours to capitalize on price volatility.
Long-Term Trading: Less time-sensitive; concentrate on fundamental analysis.