๐ Which Timeframes to Use in Crypto Trading? ๐
Hereโs a quick guide to choosing the right chart timeframe based on your trading style:
1๏ธโฃ Long-Term Investing (Position Holding)
๐ Use:
โข Daily Chart (1D)
โข Weekly Chart (1W)
โ Best for identifying macro trends, strong support/resistance zones, and market cycles.
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2๏ธโฃ Short-Term / Swing Trading
๐ Use:
โข Daily Chart (1D)
โ Ideal for holding trades for a few days to weeks. Helps catch mid-term price moves and trend reversals.
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3๏ธโฃ Intraday / Day Trading
โฑ๏ธ Use:
โข Daily Chart (1D) (for overall trend)
โข Hourly Chart (1H)
โข 15-Minute Chart (15M)
โข 1-Minute Chart (1M) (for precise entries/exits)
โ Focused on short, fast moves. Requires high attention and quick decision-making.
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๐ Choose the right timeframe based on your strategy, risk tolerance, and time commitment.
Whatโs your preferred trading style? Let me know! ๐
