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Paul Wei and another pyramid-style trader have reached a consensus on their profit-taking range, with BTC's short-term high expected to reach $78,000.

According to Mars Finance, on March 16th, monitoring of popular addresses on Coinbob showed that two traders on Hyperliquid using a pyramid position management model – "Paul Wei" (0xdae) and "100% Win Rate Low Drawdown" (0x721) – reached a consensus on the take-profit range for their BTC long positions. Both placed orders targeting a short-term high of around $78,000 for BTC. "Paul Wei" placed take-profit orders in the $75,000 to $78,100 range over the past hour, while the other trader had placed orders in that range two days prior. Furthermore, regarding their plans to add to their long positions, the trader with the "100% win rate and low drawdown" strategy placed 50 buy orders in the past hour using a pyramiding approach, planning to buy in batches between $68,000 and $70,500 after BTC falls below $70,500. "Paul Wei," on the other hand, is more conservative, planning to add to their positions only when BTC falls to around $66,500. In terms of leverage, "Paul Wei" uses 2-3 times leverage to steadily adjust their positions within a wide range; the "100% win rate and low drawdown" strategy uses 20 times leverage to aim for higher returns within a narrow range, having already tripled their initial investment. Both traders employ a range-based pyramiding position management model: progressively deploying long and short positions and setting profit targets within a defined volatility range, profiting by repeatedly capturing price fluctuations, rather than using a Martingale strategy or betting on a one-sided trend.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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