MARKET SUPPORT AND RESISTANCE

MARKET SUPPORT AND RESISTANCE

market support and reisstance are imaginary numbers based on TIMEDIFERENCE scan of prices that give us current market support and resistance limits based on all coins scanned form list of coins. those limits give us "idea" how market "looks" in our scanned timeframe.

example: 10 coins in a list and 6 of them had positive % and 4 had negative %. bot sums up all negatives and positives and divides them by number of summed up coins and gets median value. 6 coins had sum of 3.1% so market resistance is 3.1/6 % 4 coins had sum of -1.3% so market support is -1.3/4 %

then bot uses those numbers to trigger trailing buy and take profit

example: in upper example our resistance would be 0.5% and bot would trigger take profit on 0.5% and support would be at 0.27% ish and bot would trigger trailing buy at that level

logic behind this is we have higher probability of catching coin that is falling at the bottom if we trigger buy around imaginary market bottom, and higher probability of profiting if we trigger take profit at market resistance. we also activate trailing stop loss at take profit by default so if coin break outs we follow

trailing buy was added as response to coins falling through our imaginary market bottom and triggering our stoploss so bot adds coins to trailing buy list and when coin stops falling bot buys wich gives better chance to catch positive result