Everyone, I’ve spotted a chance to open a large long position on $RDDT .
Take profit: 114.1216
Stop loss: 104.2362 👇
You may be wondering the obvious question: why am I going long at this level?
Because the price is cheap.
The latest 15-minute candle closed at 106.06. The range over the past 20 days is 104.76 to 164.92, and the current price is sitting at the 2.2nd percentile.
It’s down 26.50% over the past 7 days. That’s a steep drop—it’s been dumped hard.
At first glance, I thought I was reading it wrong. I checked twice before I believed it.
The reason to go long isn’t in the story; it’s in the positioning structure. At this percentile, after a dump like this, most of the available supply has likely been handed over. The remaining liquidity is waiting to be absorbed.
The take-profit is set at 114.1216, up 7.60% from the current price—right at the edge of the 7.60% average daily volatility.
The stop-loss is at 104.2362, down 1.72% from the current price, with an extra 0.5% buffer beyond the six-hour low.
There’s only one rule for setting levels: keep both the take-profit and stop-loss within the average daily volatility.
The risk-reward ratio on this trade is 4.42.
A good-looking risk-reward ratio doesn’t guarantee a win. If you get the level wrong, you’ll still take a hit—like a hunter waiting at a narrow pass the prey has to cross, letting it come to them.
This market is small enough to drop quickly, and rebound quickly too.
Do you think this is a low enough entry? Let’s talk in the comments.
$GTC $CFG
#RDDT #GTC #Crypto
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
Take profit: 114.1216
Stop loss: 104.2362 👇
You may be wondering the obvious question: why am I going long at this level?
Because the price is cheap.
The latest 15-minute candle closed at 106.06. The range over the past 20 days is 104.76 to 164.92, and the current price is sitting at the 2.2nd percentile.
It’s down 26.50% over the past 7 days. That’s a steep drop—it’s been dumped hard.
At first glance, I thought I was reading it wrong. I checked twice before I believed it.
The reason to go long isn’t in the story; it’s in the positioning structure. At this percentile, after a dump like this, most of the available supply has likely been handed over. The remaining liquidity is waiting to be absorbed.
The take-profit is set at 114.1216, up 7.60% from the current price—right at the edge of the 7.60% average daily volatility.
The stop-loss is at 104.2362, down 1.72% from the current price, with an extra 0.5% buffer beyond the six-hour low.
There’s only one rule for setting levels: keep both the take-profit and stop-loss within the average daily volatility.
The risk-reward ratio on this trade is 4.42.
A good-looking risk-reward ratio doesn’t guarantee a win. If you get the level wrong, you’ll still take a hit—like a hunter waiting at a narrow pass the prey has to cross, letting it come to them.
This market is small enough to drop quickly, and rebound quickly too.
Do you think this is a low enough entry? Let’s talk in the comments.
$GTC $CFG
#RDDT #GTC #Crypto
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
