01.
The Grid Pudgy Penguins bot is designed to profit in range-bound markets where prices fluctuate between support and resistance levels. It places buy and sell orders across multiple equally-distant grid levels within a specified price range. When an order is triggered, the bot automatically sets a Take Profit order at another grid level.
The Grid $PENGU token crypto bot by GoodCrypto has three main modes: Long, Short, and Neutral. In long mode, the bot places Buy limit orders across grid levels below the market price and sets Sell orders above as Take Profit targets. In short mode, the bot does exactly the opposite of long mode, placing Sell limit orders across above the market and Buy orders below. Neutral mode combines both approaches, placing Sell orders above and Buy orders below the market price, providing a balanced strategy ideal for ranging markets.