Hello everyone. How are you doing, and how is your life going? I hope you are all well and having a good time with your loved ones. Today, in this post, I'm going to share another Hive feature where you can get the most out of Grid trade. You can easily earn more than 5% per month, which equates to more than 60% APR when calculated yearly. I've seen it for myself, and it's true and profitable. As we all know, Hive is a new currency with the best technology backing and one of the most successful launches.
What exactly is Grid Trade, and where can you find it?
I mentioned grid trade in one of my previous posts, but I wanted to touch on how to activate grid trade and where you can find it. This one is for new readers who are reading my post, and you can find complete details in my contents. Grid trade is available in Binance, where you can set your investment to any coin and the bot will trade for you automatically. You must specify an upper and lower range for the bot to trade in, and you will earn passive income without exerting any effort.
THE HIVE GRID TRADE AND ITS BENEFITS
Grid trading is used to set a range, such as the current price of HIVE, which is 0.5$. You are going to invest $500. First, you will determine the range that you require; the lower range is 0.4$ and the upper range is 0.55$. The bot will now trade in this range for you, and you will profit continuously. In my most recent grid trade, I earned approximately 4.72% of my total capital in just 24 days, which is a fantastic return. It depends on the coin whether it is fast or slow, but I recommend that you choose the coin that is financially strong.
The increase in grid trade is more advantageous.
Those altcoins that are financially strong and have more spikes are the best in grid trade because they allow you to buy the amount you invested and sell it all in one spike, resulting in the best profit, and when the coin drops, the bot will start buying for you again and sell it again in the next spike. Hive is one of those coins that spikes more frequently when large whales buy and the spikes occur. I've shared some pictures of the HIVE spikes, and it's confirmed that three spikes in one month will increase your profit percentage to more than 60% on an annual basis.
What is the best range for HIVE in grid trade?
It is very simple to calculate; the lower you set your range, the safer you will be, but it may reduce your profit because the bot will buy slowly for you. Assume you have $1000 USDT and want to set up grid trade of HIVE. It is preferable to set your range between 0.35$ and 0.6$, where the bot will continue to buy and sell in this range. The spike that occurs will be a bonus for you, providing you with a large amount of profit at one time. If you want to play a safe game, set your lower range below, and if you are confident that the coin will not fall further, set your range properly.
What should you do if the price falls below or above the range?
It is also possible that the price will move out of your range, whether in the form of a bull or a bear. If the bear trend continues, the absolute hive price may collapse, and you may fall below your lower range. If you have more money, set up another grid with a different account to start taking your passive earnings and leave the previous grid investment alone until it returns to the range. If the bull occurs and you are above the range, you should exit your trade and take your profit. Wait for the next consolidation stage to confirm the price range before resetting your grid trade.
This is one of the best and most profitable passive income opportunities, with an APR of more than 60%. This is the information and knowledge that I shared with you in order to assist you in making a profit. I hope this post is informative and useful to a large number of people. If you find the post useful, please reblog it so that it reaches as many people as possible and that they can benefit the most. Don't forget to upvote, which will help me financially and grow my account. Please feel free to ask any questions you have about today's topic, and I will do my best to answer them.
PICTURES ARE TAKEN FROM BINANCE AND EDITED IN CANVA
DISCLAIMER
Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!!
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Best Wishes.