Newbies: How to use Spot Grid & Spot DCA to Earn Automatically
Spot Grid – Easy Explanation:
What it is:
Spot Grid trading is like setting a trap for price movements. You buy low and sell high automatically, over and over.
How to use it (easy steps):
1-Pick a coin: Choose strong coin only like BTC/USDT, ETH/USDT, SOL/USDT,XRP/USDT. no meme coins
2-Set a price range: Decide the lowest and highest prices where you want to trade.
Example: $28,000 to $32,000.
3-Choose how many grids (levels): This splits your price range into smaller parts.
Example: 10 grids means 10 levels of buy and sell orders.
4-Start the bot: The bot will start placing buy and sell orders automatically.
Buys when the price drops to a level.
Sells when it goes up to the next level.
Profit: You make small profits on each up-down move (even if the market is going sideways).
Best for: When the price is moving up and down in a range, not trending too strongly.
🟢 Spot DCA (Dollar-Cost Averaging) – Easy Explanation:
What it is:
Spot DCA means buying a little bit of crypto at regular times or prices to average the cost.
How to use it (easy steps):
Pick a coin: Again, choose a strong coin, something like BTC/USDT.
Set buy levels or times: You can either:
Buy every X hours/days (time-based DCA).
Or buy every time the price drops a certain % (price-based DCA).
Decide how much to spend each time: Small amounts, like $10 or $50.
Start the bot: It will keep buying bit by bit, even if the price drops.
Goal: You collect crypto at an average price instead of trying to "buy the dip" perfectly.
Best for: Long-term investors who want to grow their bag slowly without stressing about timing mostly monthly based.
