As I said on multiple occasions, "I expect a drop towards 42k" zone, and we had this drop, but now what? As a speculator, not a "to the moon" dreamer, things are simple and this is my trading plan:
Buy Limit BtcUsd @ 42k TP @ 52k
Second Buy Limit @ 40k TP @ 52k
A SL will be activated if the price drops under 38k
From a MM perspective things are like this: In the event that both orders are triggered, the average price will be 41k, with a potential loss of 3k for every BTC and a potential gain of 11k. In percents: around 8% potential loss for an around 28% potential gain. That gives me a R:R of more than 1:3...