How Dip Sniper Helps You Avoid FOMO and Regret in Market Entry

Published on Feb 09, 2023
Updated on Apr 25, 2024

What's the Dip Sniper trading bot?

Finding the right price at the right time to enter the market can be time-consuming, and we often see prices climb before we get the chance to buy. This creates FOMO (fear of missing out) and may cause you to pay more than your target entry price. You can always place a limit order below the market price, but if the price moves against your target, you may not be able to buy anything at your target price. And this is where Dip Sniper comes to the rescue!

Dip Sniper ensures that a proportion of your order will be executed at the price you set on the order's expiry. You will no longer have to regret missing out on a better price or not trading earlier.

Dip Sniper helps to alleviate volatile market conditions. For instance, if you placed a buy order with Dip Sniper for 1 BTC at $21,500 when the price was $22,000, Dip Sniper would ensure that part of your order will be filled at your target price on the order's expiry even if the price goes the other way. Without Dip Sniper (if you had placed a regular limit order), you wouldn't be able to buy anything.

Get started

How to use Dip Sniper on the OKX app

  1. To access Dip Sniper, you can tap "Trading" and then "Trading Bots." You will get to our "Bot Marketplace." Scroll down until you see "Arbitrage Bots" and tap "Dip Sniper."

  2. Select the recommended strategy card or tap "Expand" to view more. Pick the option that suits your desired needs.

  3. Enter the amount you want to buy and tap "Buy BTC at dip" and confirm the order.

How to use Dip Sniper on a desktop browser

  1. To access Dip Sniper on your desktop browser, navigate to our Bot Marketplace. To do so, hover to trade at the top menu and tap "Marketplace."

Access the Bot Marketplace

  1. Then, tap "Dip Sniper" from the "Arbitrage Bots" menu.

    Select the Dip Sniper bot

  2. Enter the target price and amount you want to buy and tap "Buy BTC at dip" and confirm the order.

    Select Dip Sniper order

Confirm Dip Sniper order

Get started

THIS ARTICLE IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE OR SELL OR HOLD DIGITAL ASSETS. DIGITAL ASSET HOLDINGS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

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