$LAB I’m looking to go long on this one. Here’s the setup.
Take profit: 0.039485
Stop loss: 0.034974 👇
I know what everyone’s wondering: after a drop like this, why buy in?
The 15-minute candle just closed at the entry price. The very bottom of the 20-day range is right beneath us, and the current price is sitting at the 2.1st percentile.
Down 21.93% over the past seven days, without a single decent bounce.
It’s dropped fast, but it hasn’t broken through that boundary.
At first glance, I thought I was seeing it wrong. I checked twice before I dared to post this setup.
This trade is like testing your footing on the last stair: miss a step and you have to back off.
The take-profit distance matches the average daily volatility. It’s set at the upper limit; I’m not asking for even one step more.
The stop loss is just -1.37%, with another half-step of buffer beyond the six-hour extreme.
Liquidity is just so-so. Both levels are within 11.35% of the average daily volatility. Honestly, I don’t plan to give it any more room.
Risk/reward ratio: 8.29. One losing trade costs one-eighth of what one winning trade earns.
I’m willing to take a position here, with the price sitting at the lower boundary. If it breaks, I’ll accept the loss.
I haven’t verified the support below, so don’t treat it as a rock-solid floor.
$ETH $MIHAO
#LAB #以太坊 #Cryptocurrency
What do you all think? Would you wait for a bounce that starts right off the floor like this?
The above is a record of my personal trading system and observations of data, and does not constitute investment advice.
Take profit: 0.039485
Stop loss: 0.034974 👇
I know what everyone’s wondering: after a drop like this, why buy in?
The 15-minute candle just closed at the entry price. The very bottom of the 20-day range is right beneath us, and the current price is sitting at the 2.1st percentile.
Down 21.93% over the past seven days, without a single decent bounce.
It’s dropped fast, but it hasn’t broken through that boundary.
At first glance, I thought I was seeing it wrong. I checked twice before I dared to post this setup.
This trade is like testing your footing on the last stair: miss a step and you have to back off.
The take-profit distance matches the average daily volatility. It’s set at the upper limit; I’m not asking for even one step more.
The stop loss is just -1.37%, with another half-step of buffer beyond the six-hour extreme.
Liquidity is just so-so. Both levels are within 11.35% of the average daily volatility. Honestly, I don’t plan to give it any more room.
Risk/reward ratio: 8.29. One losing trade costs one-eighth of what one winning trade earns.
I’m willing to take a position here, with the price sitting at the lower boundary. If it breaks, I’ll accept the loss.
I haven’t verified the support below, so don’t treat it as a rock-solid floor.
$ETH $MIHAO
#LAB #以太坊 #Cryptocurrency
What do you all think? Would you wait for a bounce that starts right off the floor like this?
The above is a record of my personal trading system and observations of data, and does not constitute investment advice.
