ETH has been stuck in a tight consolidation band for weeks. There is no breakout and no breakdown. But I have flipped my thinking: a range-bound market is actually the ideal setup for a grid strategy.
I've been running a spot grid bot on BYDFi, with the range set to cover this consolidation band. ETH's price has basically gone nowhere, but the grid profit keeps stacking from all the oscillations within the range.
Why spot grid instead of futures? No liquidation risk. Worst case, I am just holding ETH, which I am fundamentally bullish on anyway. With a massive portion of the supply locked in staking, dwindling exchange reserves, and ongoing institutional interest, I do not mind holding through a dip.
That said, grid bots aren't "free money." You need to set the range properly. If it is too narrow, you miss moves. If it is too wide, the profit per grid is tiny. Not financial advice, just sharing what has been working for me in this specific chop.
Anyone else running grid strategies on ETH right now, or just waiting for a breakout?
ETH seems trapped in a sideways trend. Why switching to a spot grid strategy makes sense right now.
byu/Koreee_001 inCryptoMarkets
Posted by Koreee_001