On daily price is in Buyers territory. We hit the Support Level 5850 USD. This is a conservative entry and proper Risk Management needs to be taken. We have taken out the last sellers with strong momentum on 4H TF and a test is done that price couldn't able to go LL.
Entry: 6352 USDT TP: 7083 USDT Stop loss: 5530 USDT Position Size: 1% Risk on your capital USDT/832 USDT Risk/Reward: 1:1.5 RR>1 is maintained. If TP is hit then we will be at 10% profit.
What can go wrong with this trade?
As we are facing a wall near 6527 USDT if that breaks then there is no hicks ahead. Buy from Sellers and Sell from Buyers.
עסקה סגורה: היעד הושג
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We have reached the target and ATM buyers are pretty aggressive, and price can move a little higher than the target, the reason for the TP area is price is ranging and sellers and buyers are maintaining equilibrium.