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CryptoTherapist
Mar 2, 2019 3:08 PM

MCO-BTC Long Trade Plan Long

Description

Commodity : CRYPTO.COM
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 - 1 Week
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 7% to 25%
Prospective Loss : 5%
RRR : SL to TP1 is 1.34, SL to TP2 is 2.26, SL to TP3 is 3.06 and SL to TP4 is 4.83

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)
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