Day Trading:
Objective: Day trading aims to profit from short-term price fluctuations. It relies on capitalizing on short-term price movements within a single trading day.
Strategies: Day trading heavily relies on technical analysis, using technical indicators and chart patterns to make quick buy and sell decisions.
Risks: Day trading carries high risks due to the significant volatility in short-term cryptocurrency price movements. Traders need to implement strict risk management and be prepared for potential losses.
Time Commitment: Day trading demands considerable time and intense focus during trading hours, making it a full-time or part-time endeavor.