Crypto day trading requires traders to have an intermediate proficiency. Strategies that work best and some might not even work, select a strategy that aligns itself with your trading goal. Along with this, a strong hold on risk management is the key to a successful strategy application. Cryptomarket You need at least a Starter Account to use this feature.

Bitcoin (BTC) is the most well-known cryptocurrency, and it's no surprise that many crypto enthusiasts consider it to be the best crypto to day trade. As the first and largest cryptocurrency by market capitalization, BTC is a staple in the crypto market and has shown resilience against market volatility over the years. Safest Ways To Store Your Cryptocurrency In 2024 Our platform automatically identifies a support or resistance area, when there are a minimum of three touching points at a specific price level. Key levels can have up to 10 touching points. And the more touching points a price level has, the more significant the level turns out to be . It is how the theory of support and resistance goes, but it also makes logical sense. Every time that a level is tested or touched, but not broken, the market confirms that it is not prepared to go lower than that price. The more often it happens, the more likely it seems that it will happen again.