For education purposes only, I will go over a trade that I made.
I entered at 38000 sats when the green 2 candle was trading above the green 1.
Overhead resistances include:
39040 sats (previous lower high) - If we break this, I will most likely add onto my position
My target zone is between the two dashed red lines, 43040 and 46510. This is where I am looking to exit most of my position.
I will most likely let the rest ride until we hit another resistance level at the 50k sat area.
My stoploss for these trades are at 35300-35500 sats.
Risk To Reward Ratio = 1 : 2.5
I entered at 38000 sats when the green 2 candle was trading above the green 1.
Overhead resistances include:
39040 sats (previous lower high) - If we break this, I will most likely add onto my position
My target zone is between the two dashed red lines, 43040 and 46510. This is where I am looking to exit most of my position.
I will most likely let the rest ride until we hit another resistance level at the 50k sat area.
My stoploss for these trades are at 35300-35500 sats.
Risk To Reward Ratio = 1 : 2.5