Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 8% to 22%
Prospective Loss : 4%
RRR : SL to TP1 is 1.90, SL to TP2 is 3.50 , SL to TP3 is 5
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Missed the entries.
What could have been nice 10%