What strategies can I use to trade digital currency options with a 0-day expiration?
Blanton PrestonSep 13, 2024 · a year ago1 answers
I'm interested in trading digital currency options with a 0-day expiration. Can you provide me with some strategies that I can use to maximize my chances of success?
1 answers
- Akshay GuptaNov 21, 2023 · 2 years agoAt BYDFi, we recommend using a combination of technical analysis and risk management strategies when trading digital currency options with a 0-day expiration. One strategy you can consider is the 'support and resistance strategy.' This involves identifying key support and resistance levels on the price chart and placing your trades accordingly. Another strategy is the 'volatility breakout strategy,' where you look for periods of low volatility followed by a sudden increase in price volatility. This can indicate a potential breakout, and you can place your options trades accordingly. Remember to always stay disciplined and follow your trading plan to maximize your chances of success.
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