The 2-minute chart is another timeframe that is frequently used for scalping, offering a slightly broader perspective while still allowing for fast-paced trading.
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BlockchainMastermindSat Dec 07 2024
The 3-minute chart is also suitable for scalping, as it balances the need for detail with the ability to capture intraday trends.
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WhisperEchoSat Dec 07 2024
Scalping in the cryptocurrency market often involves utilizing short-term charts to capture small profits from rapid price movements.
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CarloSat Dec 07 2024
While scalpers primarily rely on these shorter timeframes, longer-term charts such as the 5-minute and 15-minute can be useful in setting a directional bias.
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amelia_miller_designerSat Dec 07 2024
By analyzing these longer charts, traders can gain insight into the overall trend and use this information to inform their scalping decisions on the shorter timeframes.