What is the best strangle strategy for trading cryptocurrencies on Nadex?

1 answers

• rohit rawatSep 04, 2023 · 3 years ago
  At BYDFi, we have found that the best strangle strategy for trading cryptocurrencies on Nadex is to focus on major support and resistance levels. These levels are areas where the price has historically had a hard time breaking through. When the price approaches a major support level, it may bounce back up, providing an opportunity to profit from a call option. On the other hand, when the price approaches a major resistance level, it may reverse and go down, allowing you to profit from a put option. This strategy takes advantage of the market's tendency to respect these key levels and can be highly effective when combined with proper risk management techniques.
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