LTCH19 Short Trade Plan
Updated
Commodity : LITECOIN
Trade Type : SHORT
Trading Against : BITCOIN
Entries : Double-UP Entries between the two given buy zones
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 - 1-3 weeks
Investment in trade : 20% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 11.4% to 39.6% (with Leverage)
Prospective Loss : 7.5% (with leverage)
RRR : SL to TP1 is 1.46, SL to TP2 is 2.15 , SL to TP3 is 3.27 , SL to TP4 is 4.77
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)
Trade Type : SHORT
Trading Against : BITCOIN
Entries : Double-UP Entries between the two given buy zones
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 - 1-3 weeks
Investment in trade : 20% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 11.4% to 39.6% (with Leverage)
Prospective Loss : 7.5% (with leverage)
RRR : SL to TP1 is 1.46, SL to TP2 is 2.15 , SL to TP3 is 3.27 , SL to TP4 is 4.77
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)
Trade closed: target reached
TP1 and TP2 hit.13.5% profits at 3x Leverage
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