Everyone, I’m looking to open a large long position at $ETH .
Take profit: 2391.49
Stop loss: 2280.74 👇
You may be wondering the obvious question: why go long here?
This isn’t a reversal today—it’s a pullback to a level where nobody is willing to step in.
There’s a liquidity pool just below this level. If it doesn’t hold, the price could keep leaking lower.
The latest 15-minute candle closed at 2311.52. The 20-day range is 2281.22 to 2578.97,
with the current price sitting at just the 10.3rd percentile.
Down 3.95% over seven days. Most of the overhead supply has been washed out, and support is starting to shift lower.
At first glance, I thought I’d misread it. I checked twice before believing it couldn’t even hold the 10.3rd percentile.
Take profit at 2391.49, 3.46% from the current price. I use whichever is smaller: the 12-hour countertrend extreme or the average daily volatility.
The stop loss is set at just 2280.74, or -1.33% from the current price. That leaves a 0.5% buffer beyond the 6-hour extreme—like a stairwell with no carpet downstairs: if you fall, nobody’s there to catch you.
Average daily volatility is 3.78%. Both the take profit and stop loss are kept within that range—that’s the rule for setting my levels.
Not a bit beyond the line. I’ll leave the rest to the stop loss.
Liquidity hasn’t dried up at this level yet; only then can selling pressure really be said to have landed.
The risk-reward ratio on this trade is 2.60. If the entry is right, there’s no need to overmanage it.
Do you think there’s enough support at this level? Let’s discuss in the comments.
$MVLL $FIGHT
#以太坊 #MVLL #Cryptocurrency
The above is a record of my personal trading system and data observations; it does not constitute investment advice.
Take profit: 2391.49
Stop loss: 2280.74 👇
You may be wondering the obvious question: why go long here?
This isn’t a reversal today—it’s a pullback to a level where nobody is willing to step in.
There’s a liquidity pool just below this level. If it doesn’t hold, the price could keep leaking lower.
The latest 15-minute candle closed at 2311.52. The 20-day range is 2281.22 to 2578.97,
with the current price sitting at just the 10.3rd percentile.
Down 3.95% over seven days. Most of the overhead supply has been washed out, and support is starting to shift lower.
At first glance, I thought I’d misread it. I checked twice before believing it couldn’t even hold the 10.3rd percentile.
Take profit at 2391.49, 3.46% from the current price. I use whichever is smaller: the 12-hour countertrend extreme or the average daily volatility.
The stop loss is set at just 2280.74, or -1.33% from the current price. That leaves a 0.5% buffer beyond the 6-hour extreme—like a stairwell with no carpet downstairs: if you fall, nobody’s there to catch you.
Average daily volatility is 3.78%. Both the take profit and stop loss are kept within that range—that’s the rule for setting my levels.
Not a bit beyond the line. I’ll leave the rest to the stop loss.
Liquidity hasn’t dried up at this level yet; only then can selling pressure really be said to have landed.
The risk-reward ratio on this trade is 2.60. If the entry is right, there’s no need to overmanage it.
Do you think there’s enough support at this level? Let’s discuss in the comments.
$MVLL $FIGHT
#以太坊 #MVLL #Cryptocurrency
The above is a record of my personal trading system and data observations; it does not constitute investment advice.
