Introducing the Strategy
Hi everyone, I am Ruben Cisternino, Head of Trading at Coinrule. Here is a trading idea we shared recently on our Twitter account. We monitor the market every day to give you strong trading insights, and we want to show how Coinrule can help you refine your strategies and spot opportunities developing in real time. Below is the EOS chart, and I will walk you through the process from identifying the pattern to creating the rule.
Understanding the Market Setup
The triangle visible on the chart is typically seen as a continuation pattern. Combined with the horizontal support area, it often forms a bullish setup. Our aim, however, is to optimise the risk–reward ratio rather than anticipate the trend. We prefer to wait and see how the price behaves.
There are four possible price scenarios. The price may break above the previous high, creating a bullish breakout. It may retrace to the horizontal support and rebound sharply. It may stall and produce no meaningful movement. Or it may break below the support level, in which case we are no longer interested in buying.
With these possibilities in mind, we want to buy EOS only if the price exceeds a specific level or shows a significant move within a short period of time.
Building the Rule on Coinrule
Here is our dashboard. Creating a rule is simple, just click the button in the top right corner. For this example, we will select the Demo Exchange and set the conditions based on our analysis.
We begin with the first condition:
“EOS has a price greater than 0.0011 BTC.”
Then we add the second scenario using OR:
“EOS has a price increase of 5% within one hour.”
Next, we set the action: BUY $50 of EOS.
We choose the wallet we want to use, USD, BTC, or Ethereum. For this example, we will use BTC.
We then set the number of times the rule should execute. Let’s choose one.
Finally, we name the rule “Buy EOS” and launch it Live.
The rule is now created and ready to run.
https://www.youtube.com/watch?v=uGVhbSep4tA
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