CETUS/USDT
EDUCATIONAL
Guys I'm putting this trade this time,
But after 30 min. This artical publish on binance,and situation may be change,so you learn this scenario may be useful any time.ok
Here's a step-by-step approach to plan your entry and exit strategy:
1. Entry Strategy
Current Price: $0.3481 (+12.40% at the time of the screenshot).
Support Levels: Identify recent historical low points, such as $0.26 (all-time low). Buying near support levels is ideal.
Trend Confirmation: Wait for a slight pullback or consolidation around $0.30-$0.34 before entering, as the coin recently experienced a spike.
Position Sizing: Never allocate more than 5-10% of your portfolio to a single volatile cryptocurrency.
2. Exit Strategy
Short-Term Target: The coin's all-time high is $0.492. Consider taking partial profits around $0.45-$0.48.
Trailing Stop Loss: Place a stop loss at 5-10% below your entry price to minimize risk.
Long-Term Potential: If the project fundamentals are solid, hold for a higher target (e.g., $0.60-$0.70) but set trailing stops to lock in profits.
3. Risk Management
Stop Loss: If the price falls below $0.30 (or 10-15% below your entry point), exit the trade.
Risk-to-Reward Ratio: Ensure at least a 1:2 risk/reward ratio. For instance, risking $0.05 to potentially gain $0.10.
4. Research Fundamentals
Market Sentiment: CETUS , with decent market activity. Keep an eye on news related to its protocol or partnerships.
Volume Analysis: Volume-to-market-cap ratio (24.36%) indicates strong trading activity, which is favorable for price movement.
Additional Advice
Diversify: Don't rely solely on CETUS; include other coins in your portfolio.
Monitor Key Events: Stay updated on project developments and major market changes (e.g., token unlocks, partnerships, or regulations).
Use Alerts: Set price alerts on Binance for entry and exit points.
