TOP SNAPSHOT
Determine support and resistance levels
Last updated
Determine support and resistance levels
Last updated
This command is designed for a more seasoned trading audience, as it visually represents the support and resistance levels of the coin, as well as reflects the key concentrations of sellers and buyers.
The TOP SNAPSHOT command creates 2 sets of the 20 most significant minutes in the coin's life, characterized by the maximum increase in sellers and buyers.
/s contract_address
Information about the coin at the current point of time.
PAID SUBSCRIPTION
/s=N contract_address
Information about the coin's state after N minutes from the start of trading, where N is the minute number.
PAID SUBSCRIPTION
To determine the price at which we will see significant buyer or seller activity, we compile 2-3 blocks from several minutes.
Typically, we consider minutes in the Top 10 for both buys and sells, and sometimes those close to them in the Top 20, to identify key zones where the highest number of buys or sells by new makers occurred.
In each row, we see the minute, its sequential number, and the number of makers. This allows us to create several price blocks and identify areas of the highest interest. Later, we can observe the reaction when the token reaches these prices during a rise or fall. Let's break down this command with specific examples.
Here, we can form several blocks: minutes 12, 13, 14, as well as 8, 9, 10. In these places, we observed significant buyer and seller activity.
Marking these areas on the chart, we can see that there is a reaction from both buyers and sellers when these prices are approached again. When used correctly, this command allows you to identify areas of the highest interest and anticipate the actions of a large number of traders.