#DayTradingStrategy Day trading on Binance involves executing multiple trades within a single day to profit from short-term price fluctuations. Traders use technical analysis, charts (like 15-minute, 1-hour), and indicators (e.g., Moving Averages, Bollinger Bands, RSI) to identify entry and exit points.
Binance provides the platform for quick order execution and offers various trading pairs. Day traders aim for small, frequent gains, relying on market volatility. This strategy demands constant market monitoring, quick decision-making, and robust risk management, including setting stop-loss orders.
In India, day trading crypto profits are subject to a flat 30% tax, and a 1% TDS (Tax Deducted at Source) applies to all sale transactions on Indian exchanges. Losses from one crypto cannot be offset against gains from another, nor can they be carried forward.