@BinanceAcademy The VWAP is an indicator that tells traders what the average price of an asset is for a given period, relative to volume. Its the volume to confirm a trend to identify potential points and strategies. But everything still depends on a trader
@BinanceAcademy The VWAP is mostly useful as a single-day indicator. Trying to create a VWAP over multiple days could mean that the average is distorted. As such, the VWAP works best for intraday analysis, that is, analysis that considers one trading day or less.
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@BinanceAcademy Day trading involves entering and exiting positions on the same day. As such, day traders aim to capitalize on intraday price movements, i.e., price moves that happen within one trading day
#BinanceCryptoQuiz Question 3:
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