Currency: ENA/USDT
Understanding level: beginner
Reasons to enter
Heatmap in Z-Score mode: I have noted the limit congestion at the price minimum (blue rectangle), indicating support. I have also noted the standard deviation: the price has been reduced by almost 3 standard deviations (black rectangle with an arrow), which is an abnormal value.
In the Dashboard
Delta Balance by Volume: Market sales failed to lower the price below the local minimum (marked with red rectangles with an arrow).
Limit Delta/Balance by Volume: Limit buy orders are growing, this can be seen from the cumulative delta - green histogram (marked with a green arrow).
Reasons for exit
Cluster chart: The chart highlights large clusters (blue rectangle) accompanied by active market buying. These purchases are confirmed by positive delta and green clusters (green rectangle with arrow). However, after the large purchases, the price began to decline.
In the Dashboard
Delta Balance by Volume: Market selling dominates, as visualized by the cumulative delta in the red histogram (marked with the red arrow).
Limit Delta/Balance by Volume: Limit sell orders are growing, this can be seen from the cumulative delta - red histogram (marked with a red rectangle).
Heat map in Z-Score mode: Part of the position in 75% was recorded when a dense limit cluster was formed (blue arrow), the remaining 25% was recorded when the price went up almost 5 standard deviations (black rectangle with an arrow), as well as after the large purchases that I wrote about above.
Conclusion
It was possible to secure a profit of 8.96% (average result) from the price movement.
Partial fixation is one of the tools that a trader can use in situations where the expected income has been reached, but the potential for receiving a "bonus" remains.
#tg_cell
#platformResonance
Subscribe to stay up to date with new ideas 💥
Share your strategies and thoughts in the comments, I'm ready for a dialogue! 💬📊
