Arbitrum, a popular Layer 2 scaling solution for Ethereum, recently experienced a speed bump taking a negative hit of 90% straight to the head, raising questions from the platform’s traders. This comes weeks after the settlement of airdrop claims amid chaotic scenes. While losing trades are common occurrences in the cryptocurrency trading circles, ARB price remains volatile. As such, it is essential to have AI crypto tools and strategies in place to mitigate these losses. This is where Avorak AI comes in handy with its cutting-edge artificial intelligence tools that help traders make better decisions.
What Is Arbitrum?
Arbitrum is an L2 solution built for Ethereum and strives to create fast, scalable, and affordable transactions on its network. It deploys Optimistic Rollups for scalability and speed. The rollups process high TPS off-chain and submit them to the Ethereum mainnet for settlement. Arbitrum seeks to eliminate the high gas fees and slow transaction times associated with the Ethereum network. Arbitrum is a creation of Offchain Labs, founded by Ed Felten, Steven Goldfeder, and Harry Kalodner. Arbitrum price has oscillated and witnessed a massive drop leading to 90 per cent losses from the $20 if opened trading at on Bybit and other exchanges, attributable to the cryptocurrency’s market nature. The increased competition from the other layer-2 players like Polygon could be diminishing the Arbitrum share.
Avorak AI: Mitigating Losing Trades
Avorak AI deploys valuable insights into the market through its AI tools that analyze data, identify trends, and monitor markets 24/7. By using Avorak Trade bots, traders can gain a deeper understanding of the market, make informed decisions, and reduce the risk of huge losses in their trades. Avorak AI’s token, AVRK, is available in phase four of the ongoing ICO at $0.180. The token’s performance has been excellent, witnessing a 200% rise in value. Further increases are expected toward launch and after listing on the Azbit exchange.
Avorak AI is a platform of AI-powered algorithms that analyze market data and help traders mitigate losing trades and minimize losses. To mitigate losing trades, Avorak AI uses several techniques, including stop-loss orders and risk management strategies. Stop-loss orders automatically close a trade if the price of an asset falls below a certain level, which can help limit losses in the event of a sudden market downturn.
Avorak AI also applies risk management strategies to help traders manage their exposure to market risk. Avorak AI advises traders on diversifying their trading portfolio across multiple assets, setting trading limits to avoid overexposure to a particular asset, and using leverage to minimize losses. With the wake of AI writing tools, Avorak AI deploys Avorak Write to help in addressing the shortfalls of existing tools in content generation. Avorak’s writing assistant produces plagiarism-free nonrepetitive content in the user-preferred form and style.
How To Day Trade Crypto?
Day trading crypto involves short-term buying and selling of cryptocurrencies, typically within a single day, to profit from price movements. It is paramount to learn the basics before you start day trading crypto. You must first research and acquire an understanding of how the cryptocurrency market operates, including market trends, trading strategies, and risk management techniques. You will need a trading plan, strategy, and trading tools. Avorak AI provides a trading bot that analyzes market trends, price movements, volume, and other technical indicators. Day trading requires constant monitoring of the performance of your trades to ensure a plan for exiting trades if they aren’t performing as expected.
AI is a popular tool for day trading in the crypto market and can analyze volumes of data, including market trends, news events, and technical indicators, to make informed trading decisions.
The trading bots can execute trades automatically based on pre-defined trading rules, allowing you the advantage of market opportunities without having to personally monitor the market. They can also help identify and react to market trends more quickly than would be possible with manual trading. AI-powered trading bots eliminate human bias in trading decisions, relying on data-driven analysis rather than emotional responses.
Conclusion
AI-powered trading bots are valuable tools for day traders in the crypto market, but it’s essential to choose a reputable AI crypto provider like Avorak AI and thoroughly test any trading bot before using it full-scale.
More Avorak AI information and its ICO:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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Source: https://coinpedia.org/press-release/arbitrum-takes-a-negative-90-straight-to-the-head-learn-how-avorak-ai-can-help-mitigate-losing-trades/