Advanced ATR Detector & Spoof Detection for Profitable Long Position
#Binance #longpositions #BinanceSquareFamily #Write2Earn! #MarketSentimentToday Summary & Analysis :
In this setup, an **ATR (Average True Range) Auto Detector** is being used with impressive precision on a 1-hour timeframe, optimized for the 4-hour chart.
The **ATR Multiplier** is set at **1.5**, with an **ATR Length of 14**. This has produced an **entry at £66,715**, **target profit at £68,085**, and **stop loss at £65,337** for a long position. Though the ATR lines adjust with the trend, they are expected to align and even surpass target prices, increasing potential profits.
In addition, **spoofing detection**—a strategy to identify manipulation attempts by large traders—is used here. The ATR script identifies spoofing events with two primary signals:
- Volume Spike :
An unusual increase in volume compared to the moving average.
- Price Stability :
Minor price movement (under a certain threshold), indicating fake orders designed to manipulate.
This setup showcases effective market analysis using a combination of ATR-driven trend tracking and spoof detection.
Conclusion & Advice :
For traders, using this ATR Detector offers a robust way to navigate price adjustments and manage entries effectively. Keep an eye on the spoof indicators, as they reveal potential manipulation zones. For this trade, as ATR lines fluctuate, profits may exceed initial targets—maintain flexibility and adjust stop-loss levels accordingly to protect gains.
Final Note :
This tool gives a competitive edge in spotting price swings and identifying "fake" market movements. Future setups on higher timeframes could offer additional long-term opportunities.