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Questions tagged [1 hour chart]

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Silvia Silvia Mon Dec 16 2024 | 7 answers 1654

Is 1 hour chart good for day trading?

I'm considering using a 1-hour chart for day trading. I want to know if it's a good choice for making trading decisions within a single day, as it provides a more detailed view of price movements compared to longer timeframes.

Is 1 hour chart good for day trading?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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