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Tutorial Step - Here's How it Works...

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Summary: Got it? The Trading Bot places the Limit Buy Order at the fourth support level! What's the logic behind this?
It's sort of arbitrary, but the strategy defines a falling knife as the price action capable of breaching at least three support levels and getting to the fourth during a single minute. Statistically, such events—in this time frame—produce more bounces than continuations. They may be caused by large market orders that temporarily increase the bid/ask spread in the order book.
Take a minute to verify that buy orders are placed at the fourth support level!
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Tutorial Step - Find the Logic Challenge!
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Welcome to Superalgos! — TOC

You just did step 77 in the tutorial.

1. Welcome to Superalgos Tutorial

2. Tutorial Step - Pick Your Language

3. Tutorial - Welcome to Superalgos!

4. Tutorial Step - Use Chrome or Safari!

5. Tutorial Step - That's Me On the Right!

6. Tutorial Step - Expand That Node!

7. Tutorial Step - Let's Go for a Ride!

8. Tutorial Step - Remote Access!

9. Tutorial Step - Repository Branches

10. Tutorial Step - Accessing Remotely?

11. Tutorial Step - About Small Hardware

12. Tutorial Step - Ready to Rock?

13. Tutorial Step - Binance.com or Binance.us?

14. Tutorial Step - Welcome Binanceus

15. Tutorial Step - Let's Mine Some Data!

16. Tutorial Step - Welcome Start Data Mining Console

17. Tutorial Step - How Are Things Going?

18. Tutorial Step - Candles Volumes in Action

19. Tutorial Step - Click & Drag Baby!

20. Tutorial Step - Time to Take Control!

21. Tutorial Step - Spacetime Teleportation!

22. Tutorial Step - Warp-Speed Zooming!

23. Tutorial Step - A Bit About Tutorials...

24. Tutorial Step - Need a Quick Reminder?

25. Tutorial Step - Hungry For More Info?

26. Tutorial Step - Broke Something?

27. Tutorial Step - More Workspaces?

28. Tutorial Step - Ok... Back to Work!

29. Tutorial Step - The Magic of Data Mines

30. Tutorial Step - At the Core of Data Mining

31. Tutorial Step - Are We Up to Date?

32. Tutorial Step - Time to Stop!

33. Tutorial Step - Careful With Your Data!

34. Tutorial Step - The Bright Side

35. Tutorial Step - Break On Through!

36. Tutorial Step - Navigating the White Room

37. Tutorial Step - Talkin' Time Travel

38. Tutorial Step - Bending time?

39. Tutorial Step - Size Matters?

40. Tutorial Step - Putting Things in Order

41. Tutorial Step - Get In the Wormhole!

42. Tutorial Step - The Elegant Way...

43. Tutorial Step - Moving in Wonderland

44. Tutorial Step - Welcome Charts Scales Auto Locked

45. Tutorial Step - Unlocking Time!

46. Tutorial Step - Welcome Charts Scales Unlock Time Scale

47. Tutorial Step - Scaling Time!

48. Tutorial Step - Playing with the Rate Scale!

49. Tutorial Step - Welcome Charts Scales Unlock Rate Scale

50. Tutorial Step - Time Frames Salad?

51. Tutorial Step - Welcome Charts Scales Time Frame Scale

52. Tutorial Step - Scales' Best-Kept Secrets

53. Tutorial Step - Switching Gears...

54. Tutorial Step - Welcome Charts Layer Managers Scroll

55. Tutorial Step - Layers on Top of Layers

56. Tutorial Step - Welcome Charts Layer On

57. Tutorial Step - The Hard Data

58. Tutorial Step - Welcome Charts Layer Panels

59. Tutorial Step - Back in Time

60. Tutorial Step - Visual Scripting on Steroids

61. Tutorial Step - Plotters Magic!

62. Tutorial Step - Let's Do Some Testing!

63. Tutorial Step - Aim High, Trade Big!

64. Tutorial Step - Machines Learn Too!

65. Tutorial Step - Civil Works Ahead!

66. Tutorial Step - Enough Digressing!

67. Tutorial Step - What? When? How?

68. Tutorial Step - Ready. Set. Go!

69. Tutorial Step - Getting to the Fun Bits!

70. Tutorial Step - What Is It We Are Testing?

71. Tutorial Step - Green Silver Bullets

72. Tutorial Step - Sell It Quick!

73. Tutorial Step - Shall We Dig Deeper?

74. Tutorial Step - Who's Keeping Score?

75. Tutorial Step - The Power of Data Mining

76. Tutorial Step - Find the Logic Challenge!

77. Tutorial Step - Here's How it Works...

78. Tutorial Step - Come Meet Someone!

79. Tutorial Step - Formulations...

80. Tutorial Step - The Seller

81. Tutorial Step - Simplifying Complexity

82. Tutorial Step - Let's Take a Peek...

83. Tutorial Step - Find the Node Challenge

84. Tutorial Step - Found It?

85. Tutorial Step - The Coolest Trick!

86. Tutorial Step - Welcome Backtesting Trading Engine Visualization 01

87. Tutorial Step - Feedback Loops

88. Tutorial Step - Welcome Backtesting Trading Engine Visualization 02

89. Tutorial Step - Enough Chit Chat!

90. Tutorial Step - Disclaimer

91. Tutorial Step - Let's Start With 100 Bucks!

91.1. Tutorial Step - Let's Start With 10 Bucks!

92. Tutorial Step - Check Your Spot Balance!

93. Tutorial Step - Enjoy the Outdoors!

94. Tutorial Step - Your Keys, Your Coins!

95. Tutorial Step - Fire Up the Machine!

96. Tutorial Step - Are We Ready Yet?

97. Tutorial Step - Let's Do This!

98. Tutorial Step - Welcome Live Trading Process Progress

98.1. Tutorial Step - Welcome AscendEX Live Trading Process Progress

99. Tutorial Step - Check Your Console!

100. Tutorial Step - Welcome Live Trading Console

101. Tutorial Step - Is It Working?

102. Tutorial Step - Welcome Live Trading Binance Orders

103. Tutorial Step - Monitoring the Fun Way!

104. Tutorial Step - What's Next?

105. Tutorial Step - Three Minutes to Play

106. Tutorial Step - What Else Is Cooking?

106.1. Ultimate Social Trading

106.2. Tutorial Step - Ultimate Social Trading

107. Tutorial Step - Spread the Word on Twitter!

107.1. Tutorial Step - Buy the Token!

108. Tutorial Step - Back to Work!

109. Tutorial Step - Tabbed Search Results

110. Tutorial Step - A Couple More Things!

111. Tutorial Step - Help Us With a Star!

112. Tutorial Step - Get In Touch!

113. Tutorial Step - Beware of Impersonators!

114. Tutorial Step - Ready for More Tutorials?

115. Tutorial Step - About our Governance

116. Tutorial Step - My Only Friend, The End!