TRB Trio: Multi-Position Trading
Updated
A TRBUSDT trade setup can be broken down into three different trades, each with its own unique characteristics and potential outcomes:
1 - The initial trade suggests a short entry point, around 40.918. It's accompanied by a stop loss at 42.288 to limit potential losses and a profit level at 37.77 for your target gains.
2 - In the next trade, we entered with a position at an entry point of approximately 37.920. This trade presents an opportunity for growth as the take profit level is set at 49.52, while the stop loss is strategically placed at 35.382 to manage risk.
3 - Now, for the third trade, there are two entry points to consider: around 49.172 for the initial entry and approximately 53.50 for the second entry. The stop loss for this trade is set at 59 units, helping you mitigate potential downsides. If you wish to initiate a position, you can start at 49.172, and the take profit level will be set at 43.52, 35.30 and 28.88, offering a potential reward.
Remember that successful trading also involves effective risk management. Ensure you manage risk according to your portfolio's unique requirements and limitations.
1 - The initial trade suggests a short entry point, around 40.918. It's accompanied by a stop loss at 42.288 to limit potential losses and a profit level at 37.77 for your target gains.
2 - In the next trade, we entered with a position at an entry point of approximately 37.920. This trade presents an opportunity for growth as the take profit level is set at 49.52, while the stop loss is strategically placed at 35.382 to manage risk.
3 - Now, for the third trade, there are two entry points to consider: around 49.172 for the initial entry and approximately 53.50 for the second entry. The stop loss for this trade is set at 59 units, helping you mitigate potential downsides. If you wish to initiate a position, you can start at 49.172, and the take profit level will be set at 43.52, 35.30 and 28.88, offering a potential reward.
Remember that successful trading also involves effective risk management. Ensure you manage risk according to your portfolio's unique requirements and limitations.
Trade closed: target reached
Our first trade hit with the given range, our second trade hit with 1:2 RR, and our third trade price did not reach the range
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