Hello guys, good morning, today I will talk to you about what ranges to enter when you are going to operate#ORDIwith bots.
This time I will talk about the futures bot and why I consider ORDI to be a good pair.
To have successful trading with the help of bots we have to look for pairs that allow us to enter ranges in which we feel "confident", confident in the sense that we know that the price is not going to go out of the range and liquidate us.
If we are starting with bots, it is best to play it safe and scale up little by little so that we have enough confidence to let the bot operate for at least 4 days and we maintain a level of peace of mind.
Since the beginning of December 2023#ORDIbegan an upward trend in which its maximum point of the month was 92,000 and the lowest was 40,000, however after touching that point it has remained fluctuating between 63,000 and 85,000.
Today Ordi has made a correction and then returned to the price where it has usually remained, although it is still at a loss, I assure you that that moment was conducive to obtaining good profits with the bot.
What ranges to use to configure the bot?
As I mentioned previously, when starting with this type of project you have to play it safe, primarily using safe ranges and also entering a margin with which we feel confident.
Personally, it seems like a good price range to me because it is large, so the price will have complete freedom to fluctuate without liquidating us.
As for the grids, generally between 50-70 are fine if our range is that size, if we have a smaller range I do not recommend it because the profits per grid are greatly reduced.
As you can see with that range, that number of grids and the x10 leverage, the bot tells us that we must deposit 49.81USDT, some may or may not have that amount of money, the Ordi pair allows you to enter a leverage of up to x75, is it recommended? No. However, this is at the discretion of each person.
Here you can see how at 75x the bot only asks for a deposit of 6.65USDT, although it is a smaller capital and probably within the reach of most people, this is not certain because the margin can be tight for the bot in a moment of great fluctuation, so the margin will end up being insufficient and will liquidate the operation, making us lose all the money.
Operate responsibly guys and only enter operations with which you feel safe, always follow your intuition.
Disclaimer: This is not investment advice. The information provided is for informational purposes only. Do your own research before making any decisions.
