Everyone, I’m about to open a large long position on
$SKUU .
Take profit: 15.29
Stop loss: 13.9499 👇
You may be wondering the obvious question: why am I going long at this level?
The price level speaks for itself.
The daily range over the past 20 days is 13.59 to 21.57. The current price of 14.02 is at the 5.5th percentile, almost at the floor.
The latest 15-minute candle closed at 14.02. I stared at this chart for ages; at first, I thought I was seeing things, and only believed it after checking twice.
I’ll be direct about the direction: this isn’t the start of a reversal; it’s a reshuffling of positions at the lows.
The take-profit is set at 15.29, exactly 9.06% above the current price, while the stop-loss is set at 13.9499, just -0.50% from the current price.
It’s down 19.46% over the past seven days. At this point, with liquidity thinning out, only seasoned traders are still in this market.
For the bears to push it lower, fresh coins would first have to be dumped—like a reservoir whose gates are open but there’s no water left behind them.
Whether there’s support below the floor is what I care about most.
The broader market is up 1.882% on
$BNB , while
$TRX has barely moved. Overall, it hasn’t collapsed.
The risk-reward ratio on this trade is around 18.12, all thanks to keeping the stop-loss tight.
Average daily volatility is 14.51%. I’ve set both the take-profit and stop-loss within that range. That’s a baseline for positioning, not a matter of nerve.
What do you think—is the floor at this level solid?
#SKUU #BNB #Cryptocurrency
The above is a record of my personal trading system and observations of data. It does not constitute investment advice.