Everyone, I’m opening a large long position on $APR .
Take profit: 0.0399
Stop loss: 0.035283
👇 The reasons are below.
You may be wondering the obvious question: why am I going long here?
Let’s start with the price levels. The 20-day range is 0.02251 to 0.07788,
with the current price at 0.03616, in the 24.5th percentile and not far from the lower bound.
The seven-day decline of -13.62% is panic playing out, not the industry’s fundamentals being disproven. Positions are changing hands on the way down; only after that turnover can buying support emerge.
Honestly, I’m watching the 15-minute candle that closed at 0.03616. It didn’t continue breaking lower.
At this level, I’d rather place a tighter stop and aim for more than four times the risk than do the opposite and sit here holding a position, waiting to break even.
The average daily volatility is 31.53%. The take-profit at 0.0399 is +10.34% from the current price,
and the stop loss at 0.035283 is -2.43% from the current price. Both figures are within that range.
That’s disciplined positioning.
This trade is like crouching in the low part of a riverbed to pick up fish after a reservoir’s floodgates open: the water hasn’t returned yet, but the drop is already there.
The market is only so big, and how much the pot can hold depends entirely on volume. I can only place my bet based on this level.
The reference points are still the broader market. If $BTC and $BNB don’t keep getting hammered, small-cap coins have more room to rebound than larger-cap ones.
Do you think this drop is a shakeout or a trend? Let’s discuss in the comments.
#APR #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
Take profit: 0.0399
Stop loss: 0.035283
👇 The reasons are below.
You may be wondering the obvious question: why am I going long here?
Let’s start with the price levels. The 20-day range is 0.02251 to 0.07788,
with the current price at 0.03616, in the 24.5th percentile and not far from the lower bound.
The seven-day decline of -13.62% is panic playing out, not the industry’s fundamentals being disproven. Positions are changing hands on the way down; only after that turnover can buying support emerge.
Honestly, I’m watching the 15-minute candle that closed at 0.03616. It didn’t continue breaking lower.
At this level, I’d rather place a tighter stop and aim for more than four times the risk than do the opposite and sit here holding a position, waiting to break even.
The average daily volatility is 31.53%. The take-profit at 0.0399 is +10.34% from the current price,
and the stop loss at 0.035283 is -2.43% from the current price. Both figures are within that range.
That’s disciplined positioning.
This trade is like crouching in the low part of a riverbed to pick up fish after a reservoir’s floodgates open: the water hasn’t returned yet, but the drop is already there.
The market is only so big, and how much the pot can hold depends entirely on volume. I can only place my bet based on this level.
The reference points are still the broader market. If $BTC and $BNB don’t keep getting hammered, small-cap coins have more room to rebound than larger-cap ones.
Do you think this drop is a shakeout or a trend? Let’s discuss in the comments.
#APR #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
