To execute that trading strategy, you would need to place buy orders for Bitcoin at the current market price, set a take profit order at 50% of your position at $62,783, and a full take profit at $63,440. Make sure to monitor the market for any fluctuations that could impact your strategy. Always consider using stop-loss orders to manage risk.
Trade Setup: Entry Point: Buy Litecoin at the current price or on a pullback to the 50% retracement level ($70.30). Target Levels: Partial Target: $70.30 (50% retracement level) Full Target: $71.52 (next resistance level) Stop Loss: Set a stop loss below the recent swing low, perhaps around $69.00, to limit potential losses. Risk Management: Use a position size...
Overview: Expecting strong selling pressure in Bitcoin, targeting key support levels. Entry Point: Initiate a short position at the current market price. Targets: First target at $64,289 Second target at $62,706 Stop Loss: Set above recent highs to manage risk effectively. Rationale: Anticipating downward momentum based on market indicators and potential...