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What strategies should I use when trading options on digital assets?

avatarEspensen OwensDec 18, 2021 · 3 years ago1 answers

I'm new to trading options on digital assets and I want to know what strategies I should use. Can you provide some insights on the best strategies for trading options on digital assets?

What strategies should I use when trading options on digital assets?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    When trading options on digital assets, it's important to consider the volatility of the market. One strategy you can use is the BYDFi strategy, which focuses on identifying high-probability trades based on technical analysis. This strategy involves using indicators such as moving averages, RSI, and MACD to identify entry and exit points. Additionally, you can consider using options to hedge your positions and protect against potential losses. Remember to always stay updated with the latest market news and trends, as they can greatly impact the price of digital assets. Happy trading!