Navigating Volatility: Medium-Term Crypto Trading Strategies
The Kinetex team has released a new post in the trading series, this time focusing on medium-term trading strategies, which involve holding onto assets for several days up to a few weeks or, in some cases, months.
Traders who prefer to spend less time trading but would like to see profits relatively quickly frequently rely on a few well-known medium-term trading strategies, such as trend following, range trading, and breakout trading. Although very common, these approaches require a good technical understanding and expertise to perform successfully.
So, it is unsurprising that traders often employ automated bots to determine the perfect time to enter the market and execute trades quickly.
When starting their trading journey, crypto traders should always remember a couple of crucial aspects. First, stop-loss orders are essential for mitigating possible losses. Second, traders should not neglect the market participants' opinions and hopes since they have a substantial influence on the market and the way it changes. Third, traders should always diversify the assets they trade and hold and consider their ratios carefully. Lastly, hedging is an excellent way to minimize the negative effect of possible miscalculations or sudden market reversals.
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