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When the Sonic (FTM) coin market is ranging and prices move without a clear trend, manual trading becomes boring and time-consuming. This is where our grid bot excels. It automatically places and maintains a grid of buy and sell orders within a chosen range. When a buy order is executed, a sell order is placed at the next grid level above, and vice versa. The bot operates continuously until it reaches the specified profit target or is manually stopped.
The Sonic Grid bot by GoodCrypto features three modes: Long, Short, and Neutral. In Long mode, the bot places buy orders below the market price and sell orders above. Short mode reverses this process, placing sell orders above and buy orders below. Neutral mode uses both strategies simultaneously, aiming to capture profits in both directions during high market volatility.