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What is day's range?

What is “Day’s range”? The term day's range refers to the difference between the lowest and highest prices at which a financial instrument has traded during a particular trading session. It represents the range of prices within which the asset has fluctuated throughout the day.

How do traders use the day's range?

Trading strategies: Traders use the day's range to determine appropriate levels for setting stop-loss orders to limit potential losses and take-profit orders to secure profits. These levels are often placed beyond the day's range to account for price fluctuations and provide a buffer against market noise.

What is day's range & why is it important?

It represents the range of prices within which the asset has fluctuated throughout the day. Why is Day’s range important? Volatility Assessment: The day's range provides insights into the level of price volatility during a trading session.

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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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