Here’s a strategic setup for #ALGOUSDT designed to lock in gains and eliminate downside risk through a two-tiered entry.
- Entry 1: 0.2020
- Entry 2: 0.1627 (purely to reduce overall trade risk; not a profit-seeking leg)
- TP1: 0.2670 (take 50% off the table)
- TP2: 0.1627
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After TP1 is hit and you’ve secured half your position, shift your stop to breakeven on the remaining size. You can free-risk by moving your stop in the platform or setting a manual alert once 0.2670 is reached. This ensures the rest of the trade carries zero risk while letting profits run.
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Note: the second entry point isn’t aimed at generating additional profit—it serves solely to widen your safety net and lower the average cost of your position. Trade smart, manage risk, and let the market work in your favor.
ALGOUSDT.P
- Entry 1: 0.2020
- Entry 2: 0.1627 (purely to reduce overall trade risk; not a profit-seeking leg)
- TP1: 0.2670 (take 50% off the table)
- TP2: 0.1627
---
After TP1 is hit and you’ve secured half your position, shift your stop to breakeven on the remaining size. You can free-risk by moving your stop in the platform or setting a manual alert once 0.2670 is reached. This ensures the rest of the trade carries zero risk while letting profits run.
---
Note: the second entry point isn’t aimed at generating additional profit—it serves solely to widen your safety net and lower the average cost of your position. Trade smart, manage risk, and let the market work in your favor.
ALGOUSDT.P 
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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.
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.