I watched it all morning and didn’t dare make a move. Now I’m going to open a long position on $HBAR .
Take profit: 0.06402
Stop loss: 0.060267 👇
Some people think I’m trying to catch a falling knife. I’ve had the same thought myself.
First, let me clarify the two numbers.
Take profit: +3.95%; stop loss: -2.15%. Both are within the average daily volatility of 5.23%—that’s the entirety of my position-sizing discipline.
The 15-minute candle closed at 0.06159, with the lower end of the 20-day range, 0.06057, right beneath it.
5.7th percentile.
With price hugging the lower end of the 20-day range and the seven-day cumulative drop at only 8.39%, this is a slow bleed—not a collapse or panic selling.
It’s been falling for eight days, but it still hasn’t broken through that boundary.
A collapse is when it all gets dumped in a day. This is a gradual leak.
Risk/reward ratio: 1.84.
Honestly, liquidity on this trade is only so-so. It’s not a big pot that can hold much, so I don’t dare put on a large position.
It’s like the last bit of water in a pot—one stir and it’s gone.
The buyers at this level are hunkered down near the lower boundary. If it breaks, I’ll accept the loss.
I haven’t tested the support below yet.
What do you all think?
$TRX $DACITYCOIN
#HBAR #TRX #Cryptocurrency
The above is a record of my personal trading system and data observations, and does not constitute investment advice.
Take profit: 0.06402
Stop loss: 0.060267 👇
Some people think I’m trying to catch a falling knife. I’ve had the same thought myself.
First, let me clarify the two numbers.
Take profit: +3.95%; stop loss: -2.15%. Both are within the average daily volatility of 5.23%—that’s the entirety of my position-sizing discipline.
The 15-minute candle closed at 0.06159, with the lower end of the 20-day range, 0.06057, right beneath it.
5.7th percentile.
With price hugging the lower end of the 20-day range and the seven-day cumulative drop at only 8.39%, this is a slow bleed—not a collapse or panic selling.
It’s been falling for eight days, but it still hasn’t broken through that boundary.
A collapse is when it all gets dumped in a day. This is a gradual leak.
Risk/reward ratio: 1.84.
Honestly, liquidity on this trade is only so-so. It’s not a big pot that can hold much, so I don’t dare put on a large position.
It’s like the last bit of water in a pot—one stir and it’s gone.
The buyers at this level are hunkered down near the lower boundary. If it breaks, I’ll accept the loss.
I haven’t tested the support below yet.
What do you all think?
$TRX $DACITYCOIN
#HBAR #TRX #Cryptocurrency
The above is a record of my personal trading system and data observations, and does not constitute investment advice.
