My considering a **BTC/USD long trade** with the following parameters:
* **Entry:** 1044
* **Target:** 1070
* **Stop Loss:** 1023
Here’s an analysis based on this setup:
---
### 🧮 Trade Metrics
1. **Risk per Trade**
$\text{Risk} = 1044 - 1023 = 21$ points
2. **Reward per Trade**
$\text{Reward} = 1070 - 1044 = 26$ points
3. **Risk-Reward Ratio**
$\text{RRR} = \frac{26}{21} \approx 1.24$
A risk-reward ratio above 1.0 is generally favorable, though higher is usually preferred (1.5 to 2+).
---
### ⚠️ Key Considerations
* **Tight Range:** The setup is within a 47-point range, which is relatively narrow for BTC/USD unless it's on a very short time frame.
* **Volatility Check:** Ensure the current market volatility can reasonably accommodate a move to 1070 without hitting the stop prematurely.
* **Confirmation:** Check for bullish confirmation (e.g., bullish candlestick patterns, moving average support, RSI oversold bounce) near 1044 before entering.
* **Entry:** 1044
* **Target:** 1070
* **Stop Loss:** 1023
Here’s an analysis based on this setup:
---
### 🧮 Trade Metrics
1. **Risk per Trade**
$\text{Risk} = 1044 - 1023 = 21$ points
2. **Reward per Trade**
$\text{Reward} = 1070 - 1044 = 26$ points
3. **Risk-Reward Ratio**
$\text{RRR} = \frac{26}{21} \approx 1.24$
A risk-reward ratio above 1.0 is generally favorable, though higher is usually preferred (1.5 to 2+).
---
### ⚠️ Key Considerations
* **Tight Range:** The setup is within a 47-point range, which is relatively narrow for BTC/USD unless it's on a very short time frame.
* **Volatility Check:** Ensure the current market volatility can reasonably accommodate a move to 1070 without hitting the stop prematurely.
* **Confirmation:** Check for bullish confirmation (e.g., bullish candlestick patterns, moving average support, RSI oversold bounce) near 1044 before entering.
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📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
Related publications
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.