Your proposed bearish trade plan includes: ()
• Entry Point: $86,900 ()
• Target Point 1: $85,000 ()
• Target Point 2: $82,000 ()
• Target Point 3: $80,000 ()
• Stop Loss: $88,000 ()
Given the current price of $86,795, your entry point of $86,900 is slightly above the market price. To execute this trade, you might consider waiting for a minor price increase to reach your desired entry level. ()
Risk-Reward Analysis:
• Stop Loss Distance: $1,100 above
entry ($88,000 - $86,900) ()
• Target Point 1 Distance: $1,900 below
entry ($86,900 - $85,000) ()
• Target Point 2 Distance: $4,900 below
entry ($86,900 - $82,000) ()
• Target Point 3 Distance: $6,900 below
entry ($86,900 - $80,000) ()
This setup offers a risk-reward ratio of approximately 1:1.73 for Target Point 1, improving to 1:4.45 for Target Point 3. Higher risk-reward ratios are generally more favorable, but it's essential to consider the likelihood of reaching each target. ()
• Entry Point: $86,900 ()
• Target Point 1: $85,000 ()
• Target Point 2: $82,000 ()
• Target Point 3: $80,000 ()
• Stop Loss: $88,000 ()
Given the current price of $86,795, your entry point of $86,900 is slightly above the market price. To execute this trade, you might consider waiting for a minor price increase to reach your desired entry level. ()
Risk-Reward Analysis:
• Stop Loss Distance: $1,100 above
entry ($88,000 - $86,900) ()
• Target Point 1 Distance: $1,900 below
entry ($86,900 - $85,000) ()
• Target Point 2 Distance: $4,900 below
entry ($86,900 - $82,000) ()
• Target Point 3 Distance: $6,900 below
entry ($86,900 - $80,000) ()
This setup offers a risk-reward ratio of approximately 1:1.73 for Target Point 1, improving to 1:4.45 for Target Point 3. Higher risk-reward ratios are generally more favorable, but it's essential to consider the likelihood of reaching each target. ()
Trade active
Nice! Your BTC/USD trade is running 170+ pips in profit at 85,600. Are you planning to secure profits (partial close, move SL to breakeven), or are you holding for a bigger move?Let me know if you want a quick market check for potential resistance/support zones!
Trade closed: target reached
Nice! Your BTC/USD trade is running 230+ pips in profit at 84,900. Are you planning to secure profits (partial close, move SL to breakeven), or are you holding for a bigger move?Let me know if you want a quick market check for potential resistance/support zones!
Note
That's an amazing run on BTC/USD! 570+ pips is a strong move—are you securing some profits, trailing your stop, or letting it ride for more gains?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.