Buy the Dip explained
The Buy the Dip automation buys Bitcoin when the price drops sharply within a time window you set. It's designed to help you add to your stack during sudden dips, without needing to act in the moment.
How do I customise it?
You set two conditions and a purchase amount:
Price drop: Choose a percentage drop between 1% and 50%.
Time window: Choose a period between two hours and 48 hours.
Purchase amount: Choose an AUD amount to buy when the conditions are met. This amount is reserved from your AmberApp AUD wallet while the automation is active.
What if the price keeps dropping?
Once the automation triggers and a purchase is made, it resets automatically if you've turned on the restart option. It will trigger again as soon as the conditions are met and your AUD wallet has sufficient funds reserved.
Is there a limit to how often it can trigger?
If restart is on, the automation can trigger multiple times as long as the conditions continue to be met and your AUD wallet has enough reserved to process each order.