Ascending and Descending Trailing
They are tools used in cryptocurrency trading that allow for the automatic adjustment of a bot's trading range to follow market trends.
* Ascending trailing: It is used in bullish markets. As the price rises, the trading range adjusts upward, "chasing" the new higher price. This helps to capture more profits in a growing market.
* Descending trailing: It is used in bearish markets. As the price falls, the trading range adjusts downward, "chasing" the new lower price. This helps to minimize losses in a declining market.
What are they for?
* Capture more profits: In a bullish market, the ascending trailing allows the bot to keep adjusting its buy orders as the price rises, which can result in higher profits.
* Minimize losses: In a bearish market, the descending trailing helps to limit losses by closing positions as the price falls, preventing losses from increasing.
I M P O R T A N T
These tools are useful, but they do not guarantee profits. It is important to understand how they work and to use them carefully, as incorrect settings can lead to unwanted results.