Everyone, I’m about to open a large long position on $PARTI .
Take profit: 0.047372
Stop loss: 0.039163 👇
You might be wondering the obvious question: why am I going long at this level?
The latest 15-minute candle closed at 0.04027. The 20-day range is 0.03106 to 0.06434, and the price is only at the 27.8th percentile.
This level isn’t expensive. I’m comfortable with this price.
0.06434 was the previous high, and 0.03106 was the bottom of this move. The distance between them is the range I’m willing to trade in.
It’s also down 13.12% over the past 7 days. A pullback lets positions change hands; I’m watching for support, not sentiment.
The stop loss gives me just 2.75% of downside, while the take profit target is 17.64% away. That’s my entire reason for taking this bet.
The risk-reward ratio is about 6.42.
Honestly, the stop is so tight it’s like serving a meal on the edge of a knife, which is why I’m only entering at this percentile.
There aren’t many active players left in the market. $ETH is moving slowly, and $AXTI is following the U.S. stock market’s rhythm. I’m only watching for pullbacks and support among small caps.
What do you all think of this percentile?
#PARTI #以太坊 #cryptocurrency
The above is a record of my personal trading system and data observations, and does not constitute investment advice.
Take profit: 0.047372
Stop loss: 0.039163 👇
You might be wondering the obvious question: why am I going long at this level?
The latest 15-minute candle closed at 0.04027. The 20-day range is 0.03106 to 0.06434, and the price is only at the 27.8th percentile.
This level isn’t expensive. I’m comfortable with this price.
0.06434 was the previous high, and 0.03106 was the bottom of this move. The distance between them is the range I’m willing to trade in.
It’s also down 13.12% over the past 7 days. A pullback lets positions change hands; I’m watching for support, not sentiment.
The stop loss gives me just 2.75% of downside, while the take profit target is 17.64% away. That’s my entire reason for taking this bet.
The risk-reward ratio is about 6.42.
Honestly, the stop is so tight it’s like serving a meal on the edge of a knife, which is why I’m only entering at this percentile.
There aren’t many active players left in the market. $ETH is moving slowly, and $AXTI is following the U.S. stock market’s rhythm. I’m only watching for pullbacks and support among small caps.
What do you all think of this percentile?
#PARTI #以太坊 #cryptocurrency
The above is a record of my personal trading system and data observations, and does not constitute investment advice.
