Analyzing the strategy suggested by a Binance user. (See the screenshot attached to this post)
Let's go:
- Entering in the early morning makes sense
Between 3:00 AM and 3:30 AM, there is less liquidity, the market is more stagnant, and it is indeed possible to find better entry points, especially if BTC is sideways or making slight corrections.
- Exiting by 2:00 PM is smart
It makes sense because this is when most of the European volume occurs and the beginning of the U.S. session. Most of the day's movements usually happen within this time frame.
- Staying out on weekends is not strategically advised.
Volume does drop, but saying that it always crashes is incorrect. The weekend has fewer people trading, hence less volume, making prices more volatile; they can either plummet or rise. This is not a rule.
It is essential to analyze the context, moment, and chart, as every weekend opens up opportunities, including now!
