Knowing how and when these BOT Attacks on CryptoCurrency Prices are going to occur is the first step toward changing your trading habits to:
- Protect yourself against the negative
- And take advantage of the positive
Factum prices, 1 hour bars, April 16
Just after prices confirmed a breakout of a bottom formation, sharp price spikes reach down to hit stoplosses that were too close to the market - likely new traders putting on too large of a position, and wanting to keep risks small with a close stop.
A better approach in the BOT infested trading - is to keep risk small with a small position, use a wide stop to give the price manipulators room to take a few stabs down.
Assume You Are Wrong
You did not pick the precise moment the market move started, and there will be - either some variability in price because the market is uncertain - or there will be outright micro-manipulation with highspeed trading bots.
Protect yourself with a small position. Use wider stops, or no stops - with a manual override of closing trades that do not prove you correct.
Take Advantage Of The Positive Aspect Of Manipulation
Set a range of sell orders at 3x and 10x present price levels - allocate 30% of your position to these speculative orders - and take enough profit to pay for your position