We continue to publish a weekly column on public investing in Kucoin token Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
A week ago we have three orders opened, and now we have a long-term position with notional $900 with an average entry price of $17.66. At that time, the position was still loss-making, and we did not place a stop due to high volatility in the market.
Today the position shows +5%, and we can already put a logical stop on the position. As can be seen on the chart, we have a trade with the following conditions: Entry = $17.66. Stop = $14.24 Take Profit 1 = $36 Profit/loss ratio = 5/1
On the one hand, you can say that the stop is large, perhaps, but the ratio of potential profit to loss is acceptable for a long-term investment, and we do not want to lose a position at a nice price.
In the same way we will manage the position in the course of price growth: rearrange the stop, fix profit on the part of the position, etc. If this is interesting for you, in order not to miss the update, subscribe to us, give us your likes and comments, and then tradingview will be the first to inform you about changes.
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Great post! My personal hope is that KCS follows BNB, which was trading in KCS’s current range this time last year and look at BNB now. KuCoin is now top 3 trading exchanges, but their market cap is 267x lower than that of BNB