What is Shark Fin by OKX?

Shark Fin (original name – Shark Fin Index) is a financial index developed by a cryptocurrency exchange OKX. The index displays changes in the cryptocurrency markets and helps traders make decisions based on market trend data. Shark Fin is based on a machine learning algorithm that uses a combination of various market indicators, such as trading volumes, volatility, prices and other factors, thereby predicting possible trends. The index is based on a four-hour chart which is updated every 15 seconds.

The Shark Fin Index can be used to predict market trends, identify entry and exit points and make risk management decisions. In addition, the index can also be used for various trading strategies, such as breakout trading and trend-following trading. On the exchange’s official website okx.com provides access to Shark Fin contract trading, which allows traders to earn on changes in the index over a period of time. Crypto Exchange OKX offers tools and information to enable traders to make informed choices and get the most out of their investments.

The feature is one of the tools that help traders make decisions based on fundamental and technical data. It is important to note that trading using Shark Fin does not guarantee profits on 100%, as prices in the cryptocurrency market can change very quickly and unexpectedly. Therefore, before using Shark Fin or any other automatic trading strategy, it is necessary to carefully study their work and risks associated with trading in the cryptocurrency market.