Binance (BNB) bot strat idea
Updated
This is how I will be setting my spot grid strategy for Bnb
Either it will do the blue scenario and come back up from where it is now at the 50 period moving avg
Or it will dip slightly below 400 support and most likely be brought back up to no higher than the close price of the hammer candle (Green scenario)
Bot will look to arbitrage or simply buy low and sell high.
Will customize parameters close to the high and low numbers you see here on chart
Looking for 22 to 33 trades per grid to capitalize on volatility
Either it will do the blue scenario and come back up from where it is now at the 50 period moving avg
Or it will dip slightly below 400 support and most likely be brought back up to no higher than the close price of the hammer candle (Green scenario)
Bot will look to arbitrage or simply buy low and sell high.
Will customize parameters close to the high and low numbers you see here on chart
Looking for 22 to 33 trades per grid to capitalize on volatility
Note
*and minimize feesNote
this is playing like like green scenario it does seem to be in a tighter channelNote
these four hour candles with the small middle portion and wicks on each side are perfect for grid strategy bots
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