It rose nearly 30% in the same batch over seven days, so I’m planning to place a long order at $DJT .
Take profit: 5.488
Stop loss: 5.0954
👇 Reasons below
You may be wondering: after a 30% rise, why go long now? Aren’t you worried about getting stuck at the top?
Let’s start with the direction.
The latest 15-minute candle closed at 5.147. After the pullback, it didn’t break below the previous low, so buyers are still supporting it.
Now let’s look at its position in the range.
The 20-day range is 3.8 to 6.477. The current price is just above the halfway mark. After rising 30%, it has only returned to the midpoint, which suggests the overhead supply has already changed hands once.
With the coins changing hands, the price isn’t as expensive. It’s like a batch of old stock in a warehouse changing owners.
Both the take profit and stop loss are set within the daily average volatility of 9.56%. That’s a hard rule—no wiggle room.
The take profit is based on the 12-hour reversal extreme, 6.63% from the current price. The stop loss is based on the 6-hour extreme, with a half-point buffer.
The risk-reward ratio is about 6.61. I’m betting it’ll test the upper boundary once more, not that it’ll take off.
The stop loss on this trade is close. Honestly, I won’t pretend otherwise: I’m accepting a small loss for a chance at a bigger gain.
The activity levels at $BNB and $TRX haven’t budged. The money is still sitting on this side; it hasn’t been cashed out and moved elsewhere.
I was still hesitating while watching the charts just now. I double-checked everything before I dared to place the order.
What do you think—is this long position around here a shakeout or distribution?
#DJT #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of data. It does not constitute investment advice.
Take profit: 5.488
Stop loss: 5.0954
👇 Reasons below
You may be wondering: after a 30% rise, why go long now? Aren’t you worried about getting stuck at the top?
Let’s start with the direction.
The latest 15-minute candle closed at 5.147. After the pullback, it didn’t break below the previous low, so buyers are still supporting it.
Now let’s look at its position in the range.
The 20-day range is 3.8 to 6.477. The current price is just above the halfway mark. After rising 30%, it has only returned to the midpoint, which suggests the overhead supply has already changed hands once.
With the coins changing hands, the price isn’t as expensive. It’s like a batch of old stock in a warehouse changing owners.
Both the take profit and stop loss are set within the daily average volatility of 9.56%. That’s a hard rule—no wiggle room.
The take profit is based on the 12-hour reversal extreme, 6.63% from the current price. The stop loss is based on the 6-hour extreme, with a half-point buffer.
The risk-reward ratio is about 6.61. I’m betting it’ll test the upper boundary once more, not that it’ll take off.
The stop loss on this trade is close. Honestly, I won’t pretend otherwise: I’m accepting a small loss for a chance at a bigger gain.
The activity levels at $BNB and $TRX haven’t budged. The money is still sitting on this side; it hasn’t been cashed out and moved elsewhere.
I was still hesitating while watching the charts just now. I double-checked everything before I dared to place the order.
What do you think—is this long position around here a shakeout or distribution?
#DJT #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of data. It does not constitute investment advice.
