Everyone, I'm preparing to open a large long position on $SUI .
Take profit: 0.8627
Stop loss: 0.843263
👇
You may be wondering the obvious question: why am I going long here?
The latest 15-minute candle closed at 0.8519. The range over the past 20 days is 0.8264 to 1.0564, and the current price is at the 11.0th percentile.
It's down 3.74% over the past seven days and another 2.036% over the past 24 hours. The decline hasn't been especially steep, yet the price has already fallen into the very bottom of its range.
At first glance, I thought I was seeing things—the drop was enough to push it to such a low percentile.
I've set my take profit at 0.8627, 1.27% above the current price.
I've set my stop loss at 0.843263, 1.01% below the current price.
Risk-reward ratio: 1.25.
My hard rule is to keep both the take profit and stop loss within the average daily volatility. The daily ATR14 is only 6.07—not high at all.
I admit, the risk-reward ratio isn't great.
Why is the stop so close? Because the six-hour low is right around 0.843, and I've placed the stop below it with a half-percent buffer.
Honestly, I'm willing to take a chance here. Support near the bottom of the range feels more solid than the selling pressure near the top.
After falling this far, most of the holders willing to sell have probably already done so. The rest are holding on tight.
$BTC hasn't moved much today, while $UAI has already crashed by 30%. When money is being taken off the table, this one has already taken the brunt of the fall. That's a matter of positioning, not fundamentals.
It's like a pot sitting at the bottom of a well: there's not much further to fall, and it's still a long way from the top.
When liquidity returns, prices at levels like this can bounce faster than they fell.
What do you think, everyone? Can the 0.8264 level hold?
#SUI #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
Take profit: 0.8627
Stop loss: 0.843263
👇
You may be wondering the obvious question: why am I going long here?
The latest 15-minute candle closed at 0.8519. The range over the past 20 days is 0.8264 to 1.0564, and the current price is at the 11.0th percentile.
It's down 3.74% over the past seven days and another 2.036% over the past 24 hours. The decline hasn't been especially steep, yet the price has already fallen into the very bottom of its range.
At first glance, I thought I was seeing things—the drop was enough to push it to such a low percentile.
I've set my take profit at 0.8627, 1.27% above the current price.
I've set my stop loss at 0.843263, 1.01% below the current price.
Risk-reward ratio: 1.25.
My hard rule is to keep both the take profit and stop loss within the average daily volatility. The daily ATR14 is only 6.07—not high at all.
I admit, the risk-reward ratio isn't great.
Why is the stop so close? Because the six-hour low is right around 0.843, and I've placed the stop below it with a half-percent buffer.
Honestly, I'm willing to take a chance here. Support near the bottom of the range feels more solid than the selling pressure near the top.
After falling this far, most of the holders willing to sell have probably already done so. The rest are holding on tight.
$BTC hasn't moved much today, while $UAI has already crashed by 30%. When money is being taken off the table, this one has already taken the brunt of the fall. That's a matter of positioning, not fundamentals.
It's like a pot sitting at the bottom of a well: there's not much further to fall, and it's still a long way from the top.
When liquidity returns, prices at levels like this can bounce faster than they fell.
What do you think, everyone? Can the 0.8264 level hold?
#SUI #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
