Everyone, I’m planning to open a large long position on
$CRDO .
Take profit: 136.93
Stop loss: 131.0017 👇
You may be wondering the obvious question: why am I going long at this level?
Its range over the past 20 days has been 110.57 to 186.3, and the current price of 133.63 is at the 30.5th percentile.
The 15-minute candle just started to turn up, and closed at 133.63.
It’s up only 0.44% over the past seven days, moving sideways so long it’s enough to make you sleepy.
Honestly, this kind of setup really tests your patience.
The daily ATR14 is about 9.73%. I keep both my take profit and stop loss within the average daily volatility—that’s a hard rule.
The take profit at 136.93 is +2.47% from the current price, and the stop loss at 131.0017 is -1.97%. Neither one crosses the limit.
The risk/reward ratio is 1.26—not amazing, but good enough.
No one rushes to buy when this market drops, and no one chases it when it rises.
Liquidity is like the still water in a reservoir; it only ripples when the wind blows.
Positions were built up for a long time in the 110–120 range, where there’s support. That’s a better deal than chasing a rally.
$BNB and
$TRX are both wobbling today. I’m only trading this one based on its own setup.
What do you think? Would you take a position at this percentile?
#CRDO #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of market data; it does not constitute investment advice.