How to Choose Crypto for Day Trading.

To choose crypto for day trading, first, we need to do technical and fundamental analysis. In this article, I will walk you through the best tool to help you choose a crypto for day trading.

 

This expertise is required to choose crypto for day trading,

Fundamental Analysis Required

First, we need to head to www.cryptomarketcap.com because it's an online tool which helps you to choose the best crypto to trade at the time,

This tool will show you the list of the top traded crypto at the time and much more. Also, we don't have to worry about liquidity.

First, we need to see the market capitalization and popularity of the coin because trust is a crucial part of the crypto market.

On this site, you will see the top exchange where the dominant coins are getting traded.

 

Technical Analysis Required

To do technical analysis, we have used https://www.tradingview.com, but you must have fundamental knowledge about trading, which means technical and candlestick patterns.

 

The technical patterns give you an idea of the movement and direction, but also your mindset is a crucial part of trading.

Also, how much experience you have gained in the market is significant.

 

Be aware of Crypto Market News

Everybody knows the crypto market is decentralized, which means the government has no control over the crypto. Get in touch with the latest market news because cryptos are the news-driven market.

 

The big could potentially crash the entire crypto market, and here is the site https://cryptopanic.com., where you can find the latest crypto market news.

On this site, you will get news about the latest World events and policies.