TONUSDT SPOTLong
IDEAL ON TON/USDT
Trade Summary
• Direction: Long
• Entry (Limit Price): 6.3788 USDT
• Take Profit (TP): 6.5713 USDT
• Stop Loss (SL): 6.3590 USDT
Key Metrics
1. Risk per Trade:
• Entry: 6.3788
• SL: 6.3590
• Risk: (19.8 pips)
2. Reward per Trade:
• Entry: 6.3788
• TP: 6.5713
• Reward: (192.5 pips)
3. Risk-to-Reward Ratio (RRR):
This is an excellent RRR, indicating a favorable setup.
Considerations
1. Market Conditions:
• Is the trend aligned with your long position?
• Any strong resistance near the TP level?
2. Position Sizing:
Ensure that your position size aligns with your overall risk management strategy (e.g., risking 1-2% of account capital).
3. Execution:
• Confirm low slippage and liquidity for TON/USDT around your limit price.
• Watch for unexpected volatility.
4. Technical Analysis:
• Are there bullish indicators (e.g., moving averages, RSI, MACD) supporting this setup?
• If your TP is near a significant resistance level, monitor price action carefully as it approaches.
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.
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.