Buy the dip

Your DCA bot is running.

But what if you want to catch the best price or maybe even the market bottom?

The Pro plan offers several options:

Price limit

Buy below a certain price level. No explanation needed.

You can also set multiple bots, buying different amounts at different levels.

Price drop

Buy when the price drops a certain percentage either from the all-time high or in the last 24 hours (to capture moments of market volatility).

RSI

Buy when the RSI indicator is below [X]. This is a classic indicator used by many investors to determine a good entry point. You have two options: buy only when the price is below, or use it as a trigger to start the bot, and it will continue from then on.

Remember that RSI is calculated based on the last “close” not, a live value.

Moving averages

Buy when a moving average is below [X]. This is another popular method for evaluating prices, with the daily SMA 200 being a common choice. Whether you use a simple (SMA) or exponential (EMA) moving average, when the price falls below it, you know it’s relatively low.

Spending limit

Finally, you can set a limit for how much the bot will invest.

All those options work for any DCA bot, but using spending limit you can also easily set a bot that make a lump sum purchase.

Are you investing in more than one coin? Learn about rebalanced DCA.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing involves risks, including the possible loss of principal. Always conduct your own research before making investment decisions.