Commodity : NEM 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 - 1-2 weeks Investment in trade : 10% of the total Trading Balance. Prospective Profit : 5% to 14% Prospective Loss : 2% RRR : SL to TP1 is 1.9, SL to TP2 is 2.97, SL to TP3 is 4.31 and SL to TP4 is 5.41
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)