Everyone, I’m planning to open a large long position on $UNI .
Take profit: 6.822
Stop loss: 6.5929
👇 The setup and data are below
You may be wondering the obvious question: why am I going long at this level?
The latest 15-minute candle closed at 6.65. The 20-day range is 6.249 to 7.822, and the current price is only at the 25.5th percentile.
The range floor is less than 4% below, so the risk is quantifiable.
The 7-day change is -1.83%. After a week of selling, there’s been no further loosening of the order book.
Price has been holding above this line for three days and hasn’t made a decisive break below it.
That’s why I’m willing to take a shot here.
Back to the setup.
I never compromise on setup discipline.
Based on the daily ATR14, the average daily volatility is 8.24%, and both the take profit and stop loss are within that range.
Take profit at 6.822, up 2.59% from the current price. This is the smaller of the 12-hour opposing extreme and the average daily volatility.
Stop loss at 6.5929, down 0.86% from the current price, with an additional 0.5% buffer beyond the 6-hour extreme.
Honestly, the stop loss is a little tight, but when the setup is placed correctly, it doesn’t need to be wide.
The risk-reward ratio on this trade is 3.01, with potential gains three times the potential loss.
The range below is like a cushion downstairs—there’s support if price drops into it.
There’s still considerable disagreement on the 15-minute timeframe, and the direction hasn’t been decisively established.
$BNB and $BARD are also moving today, so I can’t say this is an independent move.
What do you think of this level? Let’s discuss in the comments.
#UNI #BNB #cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
Take profit: 6.822
Stop loss: 6.5929
👇 The setup and data are below
You may be wondering the obvious question: why am I going long at this level?
The latest 15-minute candle closed at 6.65. The 20-day range is 6.249 to 7.822, and the current price is only at the 25.5th percentile.
The range floor is less than 4% below, so the risk is quantifiable.
The 7-day change is -1.83%. After a week of selling, there’s been no further loosening of the order book.
Price has been holding above this line for three days and hasn’t made a decisive break below it.
That’s why I’m willing to take a shot here.
Back to the setup.
I never compromise on setup discipline.
Based on the daily ATR14, the average daily volatility is 8.24%, and both the take profit and stop loss are within that range.
Take profit at 6.822, up 2.59% from the current price. This is the smaller of the 12-hour opposing extreme and the average daily volatility.
Stop loss at 6.5929, down 0.86% from the current price, with an additional 0.5% buffer beyond the 6-hour extreme.
Honestly, the stop loss is a little tight, but when the setup is placed correctly, it doesn’t need to be wide.
The risk-reward ratio on this trade is 3.01, with potential gains three times the potential loss.
The range below is like a cushion downstairs—there’s support if price drops into it.
There’s still considerable disagreement on the 15-minute timeframe, and the direction hasn’t been decisively established.
$BNB and $BARD are also moving today, so I can’t say this is an independent move.
What do you think of this level? Let’s discuss in the comments.
#UNI #BNB #cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
