Everyone, I’m going to open a large short position on
$HANA .
Take profit: 0.01353
Stop loss: 0.014532
👇
You may be wondering the obvious question: Why am I shorting at this level?
First, let’s look at the level I’m watching. The latest 15-minute candle closed at 0.01425. The 20-day range tops out at 0.0169 and bottoms at 0.01096, putting the price right at the 55.4th percentile.
It’s stuck in the middle.
This kind of level is like standing between two doors: whichever way you push, you have to test it first.
Over the past seven days, it’s also fallen 6.68%. That means this rebound hasn’t reversed the trend; it’s only erased part of the previous drop.
So there’s no sign of sustained upside.
I’ve set my take profit at 0.01353, 5.05% below the current price. My stop loss is at 0.014532, 1.98% above the current price.
For this trade, I’ve kept both the take-profit and stop-loss levels within the 14.36 daily average volatility. I won’t let a single bet exceed that benchmark by even a fraction.
The risk-reward ratio is about 2.55. I don’t need a particularly high win rate; if the level is right and the setup is clean, I’ll leave the rest to probability.
At the same time,
$BTC is down 0.225% and
$ETH is up 0.243%. The broader market isn’t giving this asset any extra momentum, and there’s no sign of selling pressure building overhead.
The market is only so big, and there aren’t many orders willing to buy at this percentile to begin with. Liquidity hasn’t built up either.
Honestly, I checked these price levels twice before I dared to post them.
What do you think?
#HANA #SPCX #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.