Sell order triggers as price rises
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CL pool auto-sells the volatile token as price rises within the range
Buy order triggers as price falls
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CL pool auto-buys the volatile token as price falls within the range
Grid profit per completed buy→sell cycle
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LP fee income earned on every swap that passes through the range
Grid range — the price band where orders sit
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CL tick range [P_low, P_high] where liquidity is concentrated
Grid goes idle when price exits the range
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CL earns zero fees when price exits the tick range