For my sell limit order placed to catch a flash spike, I chose a price which had been reached several times in the last 60 days. That's the only analysis I did for the token. It's not the highest price it could reach, but it's not "just enough"; it's a decent gain if the order is fulfilled.
Regarding the analysis you used to take advantage of the spread and order histories, I had to print hardcopy so I could refer to it the next time I bring in money to make buys for trading purposes. Thanks for taking time to reply!
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