The good thing about trading crypto in an exchange is that there are possible ways of making profit even when prices are going down.
1. Short Selling: Short selling is a strategy where you borrow a certain amount of cryptocurrency from a broker and sell it at the current market price. You then wait for the price to drop, buy back the cryptocurrency at a lower price, return it to the broker, and keep the difference as profit. This can be a risky strategy, so it's important to do your research and understand the market before attempting it.
2. Day Trading: Day trading involves buying and selling cryptocurrencies within the same day to take advantage of small price fluctuations, especially when price fluctuates up and down in a general bearish direction. This can be a risky strategy, as the market can be very volatile, but it can also be profitable if done correctly. It's important to have a solid trading plan and to stay disciplined in your approach.
As expected, do your research on all situations and understand the market and your preferred strategy thoroughly.
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