On Chain Price Movement Trigger
The On Chain Price Movement trigger activates based on specific price movements of a token on the blockchain. This feature is essential for automating actions in response to price thresholds, enabling strategies like automated trading or alerts based on real-time token price changes.
Trigger Type: Options include specific price thresholds such as:
ETH > $2850: Activates when the price of ETH exceeds $2850.
ETH < $2100: Activates when the price of ETH falls below $2100.
Network:
Select the blockchain network where the price monitoring will occur (e.g., Mode network). This selection is necessary to ensure that the price data corresponds to the correct blockchain environment.
Comparison Value:
This is the price threshold used for the trigger condition. For instance, setting 2850 means the trigger will activate when the token price crosses above or below this value, depending on the chosen condition.
Condition:
Specifies the condition for the price movement:
>: Trigger activates if the token price rises above the specified value.
<: Trigger activates if the token price falls below the specified value.
This field works in conjunction with the Comparison Value to define when the trigger should activate.
Contract Address:
This field specifies the token contract to monitor (e.g., ETH). Entering the contract address ensures that the trigger focuses on the correct token within the selected network.
Additional Filter:
Provides further customization, allowing users to set additional criteria if necessary (e.g., filtering by specific addresses or wallet criteria related to the price event).
These fields collectively enable precise control over price-based triggers, allowing users to automate actions in response to specific token price movements. This functionality is valuable for real-time trading strategies, timely notifications, or any automation depending on token price changes.
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