What is the 10 am rule in cryptocurrency trading?

3 answers

• Dec 21, 2021 · 3 years ago
  The 10 am rule in cryptocurrency trading refers to a strategy where traders wait until 10 am to make any trading decisions. This rule is based on the idea that the first hour of trading is often volatile and unpredictable, so it's best to wait for the market to settle down before making any moves. By waiting until 10 am, traders can avoid the initial price fluctuations and make more informed decisions based on the market trends that have emerged. This strategy is especially popular among day traders who want to minimize their risk and maximize their potential profits.
  574287
• Dec 21, 2021 · 3 years ago
  The 10 am rule in cryptocurrency trading is a guideline that suggests traders should avoid making any trades during the first hour of the trading day. This rule is based on the observation that the market tends to be more volatile and less predictable during the opening hour. By waiting until 10 am, traders can get a better sense of the market's direction and make more informed trading decisions. While this rule is not a guarantee of success, many traders find it helpful in avoiding unnecessary losses and maximizing their chances of making profitable trades.
  564188
• Dec 21, 2021 · 3 years ago
  The 10 am rule in cryptocurrency trading is a strategy that suggests traders should wait until 10 am before entering or exiting positions. This rule is based on the belief that the first hour of trading is often characterized by high volatility and erratic price movements. By waiting until 10 am, traders can avoid getting caught up in the initial market frenzy and make more rational decisions based on the market's overall direction. While this rule may not apply to all trading situations, it can be a useful guideline for those who want to minimize their exposure to unnecessary risks.
  590148