Everyone, I’m opening a large long position at $ETH .
Take profit: 2230.56
Stop loss: 2040.07
👇 Reasoning below
You may be wondering the obvious question: why am I going long here?
Here’s how I see the direction. It’s down 7.37% over the past seven days, and the latest 15-minute candle closed at 2129.23.
The 20-day range is 2050.32 to 2526.99.
The current price is sitting at the 16.5th percentile, which suggests this decline may not be over yet. The area around 2050 below is the cost basis for the previous group of buyers.
You don’t guess an entry—you wait for it.
Honestly, that last 15-minute candle wicked straight down to 2050.32 and then recovered. I didn’t dare jump in on the first move; I waited for it to hold before taking action.
The take-profit is set at 2230.56 because both the take-profit and stop-loss for this trade are within the daily average volatility.
The daily ATR14 is 4.76%; anything higher would be a gamble, not a well-planned level.
The stop-loss at 2040.07 is placed below the six-hour low, with a 0.5% buffer. It also stays within the daily average volatility range.
Above us is a pocket of unrealized positions that haven’t been liquidated yet.
The risk-reward ratio for this trade is about 1.14.
The risk-reward ratio isn’t great, but the level is clear.
$BNB and $BEAT each have their own behavior—don’t lump them together. Liquidity is still there in this market, and buyers are stepping in on the way down. That’s enough for me.
What do you think?
#以太坊 #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
Take profit: 2230.56
Stop loss: 2040.07
👇 Reasoning below
You may be wondering the obvious question: why am I going long here?
Here’s how I see the direction. It’s down 7.37% over the past seven days, and the latest 15-minute candle closed at 2129.23.
The 20-day range is 2050.32 to 2526.99.
The current price is sitting at the 16.5th percentile, which suggests this decline may not be over yet. The area around 2050 below is the cost basis for the previous group of buyers.
You don’t guess an entry—you wait for it.
Honestly, that last 15-minute candle wicked straight down to 2050.32 and then recovered. I didn’t dare jump in on the first move; I waited for it to hold before taking action.
The take-profit is set at 2230.56 because both the take-profit and stop-loss for this trade are within the daily average volatility.
The daily ATR14 is 4.76%; anything higher would be a gamble, not a well-planned level.
The stop-loss at 2040.07 is placed below the six-hour low, with a 0.5% buffer. It also stays within the daily average volatility range.
Above us is a pocket of unrealized positions that haven’t been liquidated yet.
The risk-reward ratio for this trade is about 1.14.
The risk-reward ratio isn’t great, but the level is clear.
$BNB and $BEAT each have their own behavior—don’t lump them together. Liquidity is still there in this market, and buyers are stepping in on the way down. That’s enough for me.
What do you think?
#以太坊 #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
