Long

KASUSDT LONG

Updated

Long position

Cryptocurrency Pair: KAS/USDT
Entry Price (Long): 0.038720
Stop Loss: 0.039
Take Profit: 0.069
Risk-Reward Ratio: 4:1 (4 for profit and 1 for stop loss)
Description of the long position:

Long Entry: You open a long position in the KAS/USDT pair at a price of 0.038720, which means you are buying the cryptocurrency KAS using Tether (USDT) with the expectation that the price of KAS will increase.

Stop Loss: You place a stop loss at 0.039, which means if the price falls to that level, the position will automatically close to limit your losses. This level is below your entry price and acts as a protective measure.

Take Profit: You set a take profit at 0.069, which means if the price rises to that level, the position will automatically close to secure your profits. This level is above your entry price and represents the point where you want to realize gains.

Risk-Reward Ratio: The risk-reward ratio is 4:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 0.039) to gain 4 units of profit (if the price reaches the take profit at 0.069).

Trade active

We will stay in the position if the value continues its course. We will start following it with the stop loss. For now, we will remain the same.

Trade active

"We are currently holding the position; it's up by more than 3% in profits. We estimate that on Monday, the 11th, we will begin the process of tracking the price with the trailing stop."

Trade active

New Stop Loss 0.036

Trade closed manually

3 usd profit

"Manual exit is risky as BTCUSD is on the verge of a breakdown; nevertheless, we exit with profit. Remember the first rule: preserve capital. The second rule: don't forget the first one."

subzerocapital

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