I watched it all afternoon and didn’t dare make a move. I just placed several orders at $AR , only after I was sure.
Take profit: 3.163
Stop loss: 2.9621
👇
You’re probably wondering: after seven days of declines, why buy in here?
The 15-minute candle closed at 3.004.
The 20-day range is 2.896 to 3.703. It’s now sitting at the 13.4th percentile, just over 3% above the lower end.
There’s almost nothing overhead.
Price has tested this level several times today, and liquidity is still here.
I thought it would break straight through, but buyers stepped in every time it dipped.
I’ve been watching since this afternoon, and the fact that buyers stepped in on every downward test while selling volume got smaller each time matters more than the size of the drop itself.
The coins have changed hands around this area, and there’s less disagreement than yesterday.
It’s like the steps downstairs: the more people step on them, the sturdier they become.
It’s down just 5.86% over the past seven days, and the downtrend is losing momentum.
Both my take-profit and stop-loss are within 8.68% of the average daily volatility. I won’t break my position-sizing rules.
The risk-reward ratio is 3.80. I’m willing to take a chance on this trade.
Honestly, this isn’t a pretty setup. Price is still crouched at the bottom.
Just this one trade.
What do you all think?
$BNB $TRX
#AR #BNB #Crypto
The above is a record of my personal trading system and observations of market data, and does not constitute investment advice
Take profit: 3.163
Stop loss: 2.9621
👇
You’re probably wondering: after seven days of declines, why buy in here?
The 15-minute candle closed at 3.004.
The 20-day range is 2.896 to 3.703. It’s now sitting at the 13.4th percentile, just over 3% above the lower end.
There’s almost nothing overhead.
Price has tested this level several times today, and liquidity is still here.
I thought it would break straight through, but buyers stepped in every time it dipped.
I’ve been watching since this afternoon, and the fact that buyers stepped in on every downward test while selling volume got smaller each time matters more than the size of the drop itself.
The coins have changed hands around this area, and there’s less disagreement than yesterday.
It’s like the steps downstairs: the more people step on them, the sturdier they become.
It’s down just 5.86% over the past seven days, and the downtrend is losing momentum.
Both my take-profit and stop-loss are within 8.68% of the average daily volatility. I won’t break my position-sizing rules.
The risk-reward ratio is 3.80. I’m willing to take a chance on this trade.
Honestly, this isn’t a pretty setup. Price is still crouched at the bottom.
Just this one trade.
What do you all think?
$BNB $TRX
#AR #BNB #Crypto
The above is a record of my personal trading system and observations of market data, and does not constitute investment advice
