# Basic Strategies TONCO’s concentrated liquidity is set to transform the DEX landscape on TON, offering new liquidity pools. If you’re new to this liquidity model, here are some basic strategies to help you understand how it works. {% hint style="info" %} You can use ready-made [advanced presets](https://docs.tonco.io/price-ranges/advanced-range-presets) on TONCO to apply these strategies {% endhint %} ## 1. APR-focused strategy The key to this strategy is **adjusting your position regularly** to stay within the most profitable [price range](https://docs.tonco.io/price-ranges/range-presets). **Narrower** ranges lead to **higher APR**, as liquidity is used more effectively:

Focus on high-performing pools without considering asset appreciation. Keep track of APR, fees, trading volume, TVL, and other stats on the **dedicated APR graph** for each pool: [app.tonco.io/#/explore](https://app.tonco.io/#/explore):

## 2. Range order strategy (buy/sell) A range order is like setting **a limit order** but with an added advantage—you earn fees instead of paying them. This strategy works well with **volatile/stable** asset pairs (like TON/USDT). When you want to sell, input **single-sided liquidity** in the volatile asset (TON). If the price rises above your set range, your assets will convert to the stable asset (USDT), and you can **exit** (close your position):

Single-sided liquidity on TONCO for selling volatile asset

For buying, reverse the process: use **single-sided liquidity** in the stable asset, and set your buying range. When the price drops below your range, your assets convert to the volatile asset (TON), allowing you to exit:

Single-sided liquidity on TONCO for buying volatile asset

## 3. Dollar Cost Average (buy/sell) The DCA strategy is similar to range orders but **operates within a wider range**. It’s suitable for all market conditions—bullish, bearish, or neutral. This strategy allowing you to **buy more assets** as prices dip or **sell** as prices rise, all while earning fees. Assuming the price of TON is 6, you might create a TON/USDT pool with a range of 5.5 to 8.5 to sell TON as the price moves up:

Dollar Cost Averaging (DCA) strategy on TONCO (sell TON)

Alternatively, to buy TON you might create a pool with a range shifted in the other direction to buy TON as the price moves down:

Dollar Cost Averaging (DCA) strategy on TONCO (buy TON)

## 4. Covered call (focus on sell) The Covered call strategy in TONCO resembles options trading, where you “sell” the underlying asset at a predetermined price. To use this strategy, place single-sided liquidity in a volatile/stable pool at the price you want to sell:

{% hint style="info" %} It’s crucial to burn the position (withdraw liquidity) when the set price is reached, otherwise, it can go backward {% endhint %} This single-tick range **eliminates** [impermanent loss](https://docs.tonco.io/price-ranges/impermanent-loss), and the fees you earn are similar to the premium in options trading. It’s a great way to earn fees while setting your exit price for the underlying asset.