What strategies should I use to sell Shiba Inu and avoid price fluctuations?

3 answers

• Dec 20, 2021 · 3 years ago
  One strategy to sell Shiba Inu and avoid price fluctuations is to set a target price at which you are willing to sell. Keep a close eye on the market and when the price reaches your target, execute the sale. This way, you can take advantage of price increases without risking further fluctuations. It's important to stay informed about market trends and news that may impact the price of Shiba Inu.
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• Dec 20, 2021 · 3 years ago
  Another approach to selling Shiba Inu and mitigating price fluctuations is to use limit orders. By setting a specific price at which you want to sell, you can avoid selling at a lower price during sudden drops. This allows you to maintain control over the selling process and minimize the impact of market volatility. However, keep in mind that limit orders may not guarantee immediate execution if the market price does not reach your specified level.
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• Dec 20, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of strategies to sell Shiba Inu and avoid price fluctuations. Firstly, diversify your selling approach by setting multiple target prices. This way, you can sell a portion of your tokens at different price points, reducing the risk of selling all at once during a sudden price drop. Additionally, consider using stop-loss orders to automatically sell your tokens if the price falls below a certain threshold, protecting your investment from significant losses.
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