PipsChallenge
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📌 Is "Pips" Used in Crypto Trading?
Many new traders ask: Can we use the concept of "Pips" in crypto like we do in forex? 🤔
The short answer is:
✅ Yes, but it's rarely used and not as precisely as in forex.
In forex, a Pip is a standardized unit (0.0001) used to measure price movement. But in the crypto world, it's different:
🔸 Crypto prices often go up to 8 decimal places
🔸 Price movement is usually measured in dollars or percentage change
🔸 Most traders say things like:
Up by 5%
Moved $100
Broke resistance by 200 points
✅ You can use the Pip concept if you follow precise strategies or apply forex-style analysis to crypto, but keep in mind—it’s not an official or standard unit in the crypto space.
💬 Have you ever used Pips in crypto trading? Share your experience below 👇
#PipsChallenge #CryptoMarket4T #GENIUSAct #BinanceHODLerERA
$BTC $ETH $XRP
Many new traders ask: Can we use the concept of "Pips" in crypto like we do in forex? 🤔
The short answer is:
✅ Yes, but it's rarely used and not as precisely as in forex.
In forex, a Pip is a standardized unit (0.0001) used to measure price movement. But in the crypto world, it's different:
🔸 Crypto prices often go up to 8 decimal places
🔸 Price movement is usually measured in dollars or percentage change
🔸 Most traders say things like:
Up by 5%
Moved $100
Broke resistance by 200 points
✅ You can use the Pip concept if you follow precise strategies or apply forex-style analysis to crypto, but keep in mind—it’s not an official or standard unit in the crypto space.
💬 Have you ever used Pips in crypto trading? Share your experience below 👇
#PipsChallenge #CryptoMarket4T #GENIUSAct #BinanceHODLerERA
$BTC $ETH $XRP
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