What are common crypto day trading strategies?

When delving into the world of cryptocurrency day trading, it's crucial to understand the various strategies employed by traders. One common strategy is trend following, where traders analyze market charts to identify upward or downward trends and capitalize on them. Momentum trading is another approach, focusing on assets that exhibit strong price movements over short periods. Range trading involves identifying price ranges and executing trades when the asset reaches the upper or lower limit. Arbitrage trading, meanwhile, exploits price differences across different exchanges to make profits. Technical analysis, including the use of indicators like Moving Averages and Relative Strength Index, is often employed to identify entry and exit points. Understanding and employing these strategies can greatly enhance a trader's chances of success in the volatile crypto markets.