Dexonic
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Heatmap

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Last updated 5 months ago

The Heatmap feature provides a comprehensive market overview based on the Relative Strength Index (RSI). Users can customize their view by selecting the type of RSI they want to monitor (RSI7, RSI14) and the desired time frame ( 5m, 30m, 1H, 4H, 1D).

Once the preferences are set, the current RSI values for all coins, ranging from 0 to 100, will be displayed on the screen. This data lets users analyze market conditions and develop effective trading strategies accordingly.

We also provide trading strategy suggestions based on technical analysis for coins listed in the Top Oversold and Top Overbought categories based on the current RSI index. These recommendations include:

  • Entry Point: Suggested price level to start a trade.

  • DCA1 & DCA2: Recommended levels for Dollar-Cost Averaging (DCA).

  • Target Point: Projected price level to take profits.

  • Stop Loss: Defined price level to limit potential losses.

These strategies aim to support users in executing trades effectively and managing risks