IDEAL ON TON/USDT
Trade Summary
• Direction: Long
• Entry (Limit Price): 6.3788 USDT
• Take Profit (TP): 6.5713 USDT
• Stop Loss (SL): 6.3590 USDT
Key Metrics
1. Risk per Trade:
• Entry: 6.3788
• SL: 6.3590
• Risk: (19.8 pips)
2. Reward per Trade:
• Entry: 6.3788
• TP: 6.5713
• Reward: (192.5 pips)
3. Risk-to-Reward Ratio (RRR):
This is an excellent RRR, indicating a favorable setup.
Considerations
1. Market Conditions:
• Is the trend aligned with your long position?
• Any strong resistance near the TP level?
2. Position Sizing:
Ensure that your position size aligns with your overall risk management strategy (e.g., risking 1-2% of account capital).
3. Execution:
• Confirm low slippage and liquidity for TON/USDT around your limit price.
• Watch for unexpected volatility.
4. Technical Analysis:
• Are there bullish indicators (e.g., moving averages, RSI, MACD) supporting this setup?
• If your TP is near a significant resistance level, monitor price action carefully as it approaches.