MultiversX Tracker is Live!

Exit strategy advice.

All Cryptocurrencies

by COINS NEWS 95 Views

I have identified a number of price points at which I wish to take profit for each of my crypto coins.

For example, if XRP hits $1.9 then I would sell (say) 10% of my coins.

I was thinking of doing this manually, but on second thoughts it might be better to set up an automatic payment on an exchange. (I prefer Kraken).

My latest thinking is that I would like to set up an automatic trade to sell my XRP and set a limit order (if for example it falls to $1.80) and either set a trailing stop, or periodically manually adjust the stop loss. In this way I can take advantage of further rises in the price but still sell if there is a sudden dip.

I had a look at Kraken, but could not see how to set this up (I can't seem to automate sell XRP orders).

How can I do this?

submitted by /u/icydee
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments