Utile Network - Trading idea explanation.

Utile Network
2 min readOct 12, 2018

In the Trading idea feature, you are able to post investing suggestions regarding cryptocurrency assets.

To choose an asset, click on the upper left corner of the charting app and write its symbol, for example, Btc, Eth, Ltc, Xrp and pick the preferred trading pair.

Functions description:

  • ‘Buy range: from & Buy range: to’ ; Entry point — the price at which you should buy
  • ‘Sell range:from & Sell range: to’ ; Exit point — the price at which you should sell
  • ‘Trade Type-Growth’ ; Buy range value cannot be lower than the current price of the asset. Use to predict price breakout after breaking resistance.
  • ‘Trade Type-Buy the dip’ ; Buy range value cannot be equal to or higher than the current price of the asset. Use to predict pullback of price and its bottom.
  • ‘Holding Term’ ; Suggested term to hold your asset.
  • Short-Trading idea will not be active for longer than a week
  • Medium-Trading idea will not be active for longer than a month
  • Long- Trading idea will not be active for longer than six months
  • ‘Stop loss’ ; is a defensive order that traders use to reduce their risk
  • ‘Type’ ; Defines the accessibility to your publication. If set to private, the publication will only be visible to profile subscribers.
  • ‘Tags’ ; Will help to describe the content of the publication

Status Bar:

Type-Publication status-Token Ticker-Upvotes number-Comments number-Direct link

Publication status allows you to inform platform users if the trading idea is still active.

FAQ:

Why is my trading idea not being tracked by statistics(Real time profit, Max profit) ; Your Buy range has not been reached, it will remain inactive until the buy range is reached.

Can I close my Trading idea before 1week/1month/6months?; Yes — you can close your trading idea in the content tab. Users will be automatically notified if they follow you or the specific publication.

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Utile Network

Utile Network is an infrastructure that allows you to crowdsource blockchain ecosystem data in a transparent environment.