Cryptocurrency Q&A
Is 1 hour chart good for day trading?
Is 1 hour chart good for day trading?
Silvia
Mon Dec 16 2024
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7 answers
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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.
7 answers
JessicaMiller
Wed Dec 18 2024
The H1 chart plays a crucial role in the analysis of intraday price movements for day traders.
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Stefano
Tue Dec 17 2024
Additionally, the H1 chart can reveal larger trends that may be emerging, which can be useful for making longer-term decisions.
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CherryBlossomPetal
Tue Dec 17 2024
These trends may even have the potential to continue into the next trading day.
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Caterina
Tue Dec 17 2024
By utilizing the H1 chart, traders can gain insights into the price fluctuations that occur within a single trading day.
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CryptoVisionary
Tue Dec 17 2024
This timeframe allows for a detailed examination of how prices are behaving throughout the day.
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