Coin: SOL/USDT
Reasons to enter:
In the RTT-Graph in Z-Score mode, limit clusters were identified on the heat map, which are indicated by two blue squares. In these zones, good sales were recorded (shown by red circles), as well as increased density on the cluster chart, marked by arrows.
Moving on to a more detailed analysis in the Dashboard, we found the following important indicators:
Delta/Balance Volume Chart:
The red arrow indicates that the market is selling more, but the price could not be lowered by breaking through the limit accumulation. This indicates the strength of limit orders to buy, which confirms a good point to open a long position.
Limit Delta/Balance Volume Chart:
The green arrow shows that the number of buy orders outnumbers sell orders, which also indicates a possible price increase.
Z-Score graph (price):
Noted that the price has moved down by 2.1 standard deviations, which could indicate a potential reversal and higher price.
Reasons for exit:
The heat map showed a tight limit cluster at the top, which was marked with a red square. This indicated possible resistance and therefore became the first signal to exit the position.
Additionally, there was a good price movement, indicated by the blue arrow, which allowed us to lock in a profit of 8%. This was an important moment to close the trade, as continuing to hold the position could have resulted in a decrease in profit or even a loss.
The coin's trading idea was based on clear indicators obtained from the analysis of the heat map and the indicators in the Dashboard. The entry into the position was justified by the presence of strong limit clusters and the deviation of the price according to the Z-Score, which indicated a possible reversal.
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