A simple checklist for using price alerts when a coin dips

Sharp drops tempt people into rushed decisions. Setting your levels in advance, while the market is calm, makes it easier to stick to a plan.

Before you set the alert

1. Write down why you would want to buy at a lower price, and how much you are willing to put in.
2. Pick two or three price levels instead of one, so you are not all-in on a single number.
3. Decide what would make you skip it, for example a change in the reason you wanted the coin.

When the alert fires

• Check why the price moved before acting on it.
• Do not add more than the amount you planned.
• If the move was larger than you expected, wait for the next level rather than chasing.

A longer walkthrough is in this guide to using alerts to buy the dip. You can set a free alert for any coin at CoinPriceAlert.