Everyone, I’m opening a large long position on $BMT .
Take profit: 0.02688
Stop loss: 0.024785
👇 The reasoning is below
You may be wondering the obvious question: why am I going long at this level?
It’s neither a great entry nor a bad one. The 20-day range is 0.01651 to 0.0494,
and the current price of 0.02518 is at the 26.4th percentile, near the lower end. There’s more room above than below,
and the selling pressure is being absorbed.
The latest 15-minute candle closed at 0.02518. It’s still up 20.35% over the past 7 days, and a new group of buyers has taken over after the sell-off.
Honestly, this stop loss is very tight. I hesitated twice myself.
On $BTC , the market was basically flat. With the majors going nowhere, money looks for opportunities in small caps.
Let me make my position-sizing discipline clear. The daily-boundary ATR14 is about 17.65%, while the take profit and stop loss are respectively 6.75% above and 1.57% below the current price, both within that range.
The risk-reward ratio on this trade is 4.31.
I can’t say it’ll surge straight back up, but this 26.4th-percentile price zone is like the lower level of a warehouse—there isn’t much inventory left to move lower. There’s still disagreement, but the odds are in my favor.
What do you think?
$WASTED
#BMT #WASTED #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
Take profit: 0.02688
Stop loss: 0.024785
👇 The reasoning is below
You may be wondering the obvious question: why am I going long at this level?
It’s neither a great entry nor a bad one. The 20-day range is 0.01651 to 0.0494,
and the current price of 0.02518 is at the 26.4th percentile, near the lower end. There’s more room above than below,
and the selling pressure is being absorbed.
The latest 15-minute candle closed at 0.02518. It’s still up 20.35% over the past 7 days, and a new group of buyers has taken over after the sell-off.
Honestly, this stop loss is very tight. I hesitated twice myself.
On $BTC , the market was basically flat. With the majors going nowhere, money looks for opportunities in small caps.
Let me make my position-sizing discipline clear. The daily-boundary ATR14 is about 17.65%, while the take profit and stop loss are respectively 6.75% above and 1.57% below the current price, both within that range.
The risk-reward ratio on this trade is 4.31.
I can’t say it’ll surge straight back up, but this 26.4th-percentile price zone is like the lower level of a warehouse—there isn’t much inventory left to move lower. There’s still disagreement, but the odds are in my favor.
What do you think?
$WASTED
#BMT #WASTED #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
