Strategy With long strategy the bot will buy coins with quote currency (second currency of the pair) and sell them later at the higher price . Short means the crypto bots will sell the base currency (first currency of the pair) you have and buy it later at the lower price.
Read moreWhat is DCA bot in 3Commas?
A DCA (or “Dollar Cost Averaging”) strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk .
Read moreWhat are DCA bots?
The dollar-cost averaging bot places the first buy order and extra orders if the price goes in the opposite direction of the strategy chosen . For all the buy orders it placed previously, it places only one take profit order.
Read moreHow does 3Commas DCA work?
A DCA strategy is the practice of investing at regular intervals to reduce risk . When you enter the market right away with all the deposits, you run the risk of purchasing highs and wind up at a loss when the price drops.
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