You didn't explicitly say what you trade it against, in other words the other side of your trading-pair.
To my mind ideally that would be bitcoin or some other deflationary asset, absolutely NOT a fiat NOR a so called "stable coin" whose stability is in relation to any fiat.
(A stablecoin that is stable in bitcoin price ought to be fine for example, just not one that is stable relative to something that, like fiat, trends forever DOWNward in value.)
Provided your pair has enough "volatility" of price to be worthwhile, my suggestion is to use the same strategy I historically for over a decade have used with great success on pairs in which I am the main buyer and, thanks to my strong buy side getting "dumped" on by "dumpers" who sell to existing buy offers rather than placing their own sell offers and waiting for a buyer to "take" their offer, also the main seller at least up toward the top of my column of ascending sell offers.
Take a look at
https://freiexchange.com/market/IXC/BTC and
https://freiexchange.com/market/I0C/BTC as examples, that super-high column of ascending offers to sell 100 coins at each ten satoshis of price is mine, as are the pile of buy offers ascending upwards one satoshi of price at a time from the very lowest price (1 satoshi) the exchange supports.
Where now is the "fear" above whatever the recent "going rate" has tended to be?
Nowhere, that is where!
Because this strategy tends year after year after year to result in more and more and more "surplus" of the "sell side" asset (bitcoin is the buy side, the whatever else is the sell side).
This means after long enough the column of sell offers gets to be so high one can get lazy about constantly extending it higher, and instead start locking some of the surplus away where it will never "hit the markets" again, since year after year and thus presumably decade after decade you can expect to continue to accumulate more "surplus" thus ought never need to go dig back up your locked-away surplus to put it back on the markets.
Though maybe from time to time as new tempting trading venues open you might send a few surplus coin there to start the whole process from scratch again in the new venue, you can do that from the incoming new surplus, should not need to dig into your locked-away surplus, whose main virtue lies in the fact it being locked away prevents it hitting the markets thus making less coins remaining "in the wild" to potentially be "dumped" onto your buy-side, consuming aka "taking" aka destroying your buy offers.
You probably need to build your buy side extremely dense toward the bottom, because the closer to the bottom of the possible price range supported by the venue the greater the tendency to attract "dumps".
Thus although deep deep dumps that dump vast number of coins onto your buy offers cheaper and cheaper and cheaper are long term a massive contributor to your profits, being massive influxes of inventory with which to build your ascending column of sell offers, you do need to build strong enough at lower prices to readily absorb the dumps, which will likely get bigger the lower they actually manage to dump the price.
Once you are way up from the bottom you can thin out your buy side offer density, even down to only twice as dense as your sell side, for example if your sell side is offers to sell 100 coins at each 10 satoshis of price your buy side can be as thin as offering to buy 100 coins at each 5 satoshis of price.
That is because on the one hand when someone buys a huge swathe of your column of sell offers the average price they paid for the swathe was their half-way point, so when you put the proceeds back on the buy side twice as densely you will not end up building your buy side up higher than that half-way point that is the average they just paid, exceeding which could lure them into "dumping" some back onto your buy column destroying part of it, which in the old days sometimes meant they destroyed an entire column of offers that took hours upon hours to type in.
The ascending column of sell offers should go crazy-high, because too many times over the years, more so longer ago than recently I admit, I would build it up to three times the highest price I imagined would occur only to wake up one day or night to find it had gone up to three times THAT!
So nowadays I figure I want it to go up at least ten times higher than I can imagine the price skyrocketing to.
The other hand of building the buy side up only as thinly as twice the density of the sell side is that historically it has tended to seem that most times you see a skyrocket it drops back down half of what it just rocketed super-fast, often so fast that it is back down that far before folks who didn't already have their sell offers in place or at least have a bunch spare already on the exchange to place sell offers with will tend not to learn of the skyrocket, update their node to catch up with the blockchain, send coins to the exchange, and wait for the exchange to acknowledge their deposit in time to get some in there to sell before the rocket already dropped halfway back to where price was before the rocket.
It is failing to have built the column of sell offers high enough that caused me to not be trading monero to this day, as when I first started, back when that kingdom game came along in monero, to build buy and sell sides of BTC/XMR, the price skyrocketed too soon, before I had sell offers up high enough to have already just sold some at the new high prices, thus leaving me with insufficient sell proceeds to stay in that pair.
Take a look too on Stellar at my pairs of my
assets on Stellar versus XLM to see more examples of the strategy in action, albeit not a lot of traffic yet on those pairs.
Historically I had been doing this on pairs where I was the major buyer and seller, but it does indeed work on pairs so huge that my scale of working on them is relatively trivial compared to the volumes transacted, such as BTC/XLM, which is a wonderful pair to work with given that I have a great use for all the "surplus" XLM the strategy generates, which of course is the building of the buy sides of all my assets on Stellar.
It is probably also worth noting that to date, since I started only a year or two ago into that pair, that I have yet to build my buy side all the way to the bottom and also have yet to build my sell side as high as even just a few times as high as I imagine Stellar could go (and saw it go back in the 2017/2018 bull run) and have not even built my buy side twice as dense as my sell side yet since the scale of operation on that pair is so large compared to the small pairs I historically used the strategy on.
So it actually still works well enough to work towards the full goal even when it is not yet fully in place, even on a pair so vast in volume that the scale of my offers is very small compared to the amount on offer at any given price typically in total on the venue.
-MarkM-
