Spot or Perps Conditions

Exploring Spot and Perps Conditions in Zotto

Overview

Spot or Perps Conditions forms the backbone of automated actions in Spot/Perpstrading, allowing users to act swiftly based on specific market conditions. Here are the diverse conditions that you can leverage:

1. Limit Order Bull/Bear:

   • Description: Activates when the price of an asset rises above or falls below a specified amount.

2. Price Increase/Decrease:

   • Description: Activates when the price of an asset rises or falls by a specified percentage or amount, providing opportunities for timely actions

3. RSI Above/Below:

   • Description: Monitors the Relative Strength Index of an asset, triggering actions when RSI surpasses or drops below user-defined thresholds.

4. MACD (Moving Average Convergence Divergence):

   • Description: Tracks momentum and offers bullish or bearish signals based on line crossovers. Trigger activates when the MACD line crosses a predefined signal line, signaling potential market shifts.

5. Moving Average (MA) Threshold Alert:

   • Description: Monitors Moving Average (MA) indicators for specific assets in real-time. Activates when the asset's price crosses specified MA values (e.g., 50-day, 100-day), allowing tailored alerts aligned with trading strategies.

6. Mirror Trade (Coming Soon):

   • Description: Activates upon detection of a defined address or whale trade, enabling users to replicate the strategy.

7. Token Holders (Coming Soon):

   • Description: Tracks the number of token holders for a specific asset or contract, activating upon significant increases or decreases in holders. Thresholds can be defined by percentages or numerical values.

8. New Token Listing/Launch (Coming Soon):

   • Description: Monitors the blockchain for new token introductions or smart contract launches. Trigger engaged upon capital accumulation beyond a set threshold or a surge in unique wallets holding the token

These Spot Triggers serve as pivotal tools for automating spot trading strategies and capitalizing on market movements within Zotto's platform.

Note: Understanding the dynamics and utilization of these Spot Triggers enhances your ability to execute automated actions based on diverse market conditions, providing an edge in spot trading strategies.

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