Spot Grid Trading:
This is a quantitative trading strategy that places a series of buy and sell orders within a specified price range, aiming to profit from price fluctuations.
$SKL /USDT Pair:
This indicates trading between SKALE ($SKL ) and Tether (USDT), a stablecoin pegged to the US dollar.
Price and Performance:
The current price of $SKL is shown as 0.02996 USDT, with a significant increase of +39.41%.
Moving Averages:
The chart displays various moving averages (MA(7), MA(25), MA(99)), which are technical indicators used to identify trends and potential support/resistance levels.
Volatility Warning:
A message indicates that "Due to high volatility, recommended grid parameters could not be generated. Manually Set Parameters," suggesting the need for manual adjustment of the trading bot's settings due to market conditions.