At first glance, I thought this was a long entry. After checking twice, I changed the direction to short. For this trade, $NBIS , I want a short position.
Take profit: 111.3604
Stop loss: 119.03 👇
You may be wondering the obvious question right now: why am I shorting here?
Price is 112.6, just at the 4.5th percentile of the 20-day range, and down 13.45% over the past seven days.
Shorting at the bottom of the range, because this trade goes against the original direction. The original setup called for a long here; I’m executing the opposite.
The take-profit is set at 111.3604, 1.10% from the current price—the nearest level on this side. The extreme over the past six hours still leaves a half-point buffer.
The stop loss is 119.03, 5.71% from the current price, just beyond the opposing extreme of the past twelve hours.
Small take-profit, large stop loss: the take-profit is only one-fifth of the stop loss. The bet is that the price won’t reach the far end.
The average daily volatility is 15.66%; both distances are within that, and I won’t move this level beyond it.
Honestly, this setup looks awkward, but knowing where the positions are concentrated matters more than feeling comfortable.
The area below is where the real handoff between bulls and bears is happening. Buyers haven’t shown up yet, and liquidity is extremely thin.
Second-tier coins like $TIA are also seeing volume dry up. $BTC is down more than three points, and this one is even weaker.
I’m waiting just above it with this trade. What do you think—would you dare to take the opposite side and short at this level?
#NBIS #TIA #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
Take profit: 111.3604
Stop loss: 119.03 👇
You may be wondering the obvious question right now: why am I shorting here?
Price is 112.6, just at the 4.5th percentile of the 20-day range, and down 13.45% over the past seven days.
Shorting at the bottom of the range, because this trade goes against the original direction. The original setup called for a long here; I’m executing the opposite.
The take-profit is set at 111.3604, 1.10% from the current price—the nearest level on this side. The extreme over the past six hours still leaves a half-point buffer.
The stop loss is 119.03, 5.71% from the current price, just beyond the opposing extreme of the past twelve hours.
Small take-profit, large stop loss: the take-profit is only one-fifth of the stop loss. The bet is that the price won’t reach the far end.
The average daily volatility is 15.66%; both distances are within that, and I won’t move this level beyond it.
Honestly, this setup looks awkward, but knowing where the positions are concentrated matters more than feeling comfortable.
The area below is where the real handoff between bulls and bears is happening. Buyers haven’t shown up yet, and liquidity is extremely thin.
Second-tier coins like $TIA are also seeing volume dry up. $BTC is down more than three points, and this one is even weaker.
I’m waiting just above it with this trade. What do you think—would you dare to take the opposite side and short at this level?
#NBIS #TIA #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
