Everyone, I’m preparing to open a large long position on $BTW .
Take profit: 1.5599
Stop loss: 1.216
👇 Here’s why I chose this level:
You may be wondering the obvious question: why am I going long at this level?
BTWUSDT has fallen 28.81% over the past 7 days. Its current price of 1.2396 sits at the 19.4th percentile of its 20-day range—
like crouching at the bottom of a pit, waiting for someone to pull you out.
The take-profit at 1.5599 is +25.84% from the current price, while the stop-loss at 1.216 is -1.90% away.
Both are within the average daily volatility of 44.21%.
It’s like closing the sluice gates before the reservoir reaches the spillway. I only dared to enter with a risk-reward ratio of about 13.57. Lower-priced holdings are changing hands;
I’m waiting for fresh capital to reignite liquidity, while selling pressure has already been absorbed by the extreme move.
At first glance, I thought I must have read it wrong. I checked twice before I believed it. I’m willing to catch a fall this steep because the extreme price gives me a very tight stop-loss,
and the odds are in my favor. This is completely different from the slow pace of $BTC $ETH .
I’ve been waiting a long time for this level.
The odds are more honest than the direction.
What do you think of this entry? Let’s discuss it in the comments. If you think my stop-loss is too tight, let me know. Follow for more, and I’ll see you at the next daily reset window.
#BTW #TRX #cryptocurrency
The above is a record of my personal trading system and data observations. It does not constitute investment advice.
Take profit: 1.5599
Stop loss: 1.216
👇 Here’s why I chose this level:
You may be wondering the obvious question: why am I going long at this level?
BTWUSDT has fallen 28.81% over the past 7 days. Its current price of 1.2396 sits at the 19.4th percentile of its 20-day range—
like crouching at the bottom of a pit, waiting for someone to pull you out.
The take-profit at 1.5599 is +25.84% from the current price, while the stop-loss at 1.216 is -1.90% away.
Both are within the average daily volatility of 44.21%.
It’s like closing the sluice gates before the reservoir reaches the spillway. I only dared to enter with a risk-reward ratio of about 13.57. Lower-priced holdings are changing hands;
I’m waiting for fresh capital to reignite liquidity, while selling pressure has already been absorbed by the extreme move.
At first glance, I thought I must have read it wrong. I checked twice before I believed it. I’m willing to catch a fall this steep because the extreme price gives me a very tight stop-loss,
and the odds are in my favor. This is completely different from the slow pace of $BTC $ETH .
I’ve been waiting a long time for this level.
The odds are more honest than the direction.
What do you think of this entry? Let’s discuss it in the comments. If you think my stop-loss is too tight, let me know. Follow for more, and I’ll see you at the next daily reset window.
#BTW #TRX #cryptocurrency
The above is a record of my personal trading system and data observations. It does not constitute investment advice.
