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Nohana
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TRB/USDT
1. Trade Setup
Entry Point: Given that the price is oversold and showing a potential for reversal, you could enter around 64.05 - 64.00 (current price area), but ideally, wait for a confirmation of a small upward move or support level to ensure the trend reversal is more likely.
2. Stop Loss (SL)
SL: Set the stop loss just below the recent low at 62.50 to allow for market fluctuations but protect against a deeper downturn. This would represent a 2.5% risk from the entry price.
3. Take Profit (TP)
TP1: A reasonable first target could be near the previous resistance level around 65.50 - 66.00 (near the yellow EMA line), which would give a 2.5-3.5% profit from entry.
TP2: If the price continues upward, aim for 68.00 - 69.00 as the next resistance zone.
4. Hedge
Hedge Strategy: If the price continues to move downward, you can set up a hedge by entering a short position once the price reaches a key support or resistance break (e.g., if it falls below 62.50). This will allow you to mitigate risk if the market doesn't reverse as expected.
5. Dollar-Cost Averaging (DCA)
DCA Strategy: If the price starts to move against your position, you can implement DCA by adding more capital to the trade at a lower price. For example:
If the price falls to 63.50, you could add a smaller position to your trade, increasing your position size at a better average price.
Continue DCAing in 0.5%-1% increments until you reach a strong support level (e.g., 62.50).
Example Trade Plan:
Entry: 64.05 (current price)
SL: 62.50 (approx. 2.5% risk)
TP1: 65.50 (approx. 2.5% profit)
TP2: 68.00 (further 6% profit)
Hedge: Short entry if price goes below 62.50, hedging with a smaller position to lock profits or manage loss.
DCA: Add position at 63.50 if price moves down.
Risk Management
Risk per Trade: Limit each trade risk to 1-2% of your total portfolio value.
Position Sizing: Based on your risk tolerance, ensure the position size is appropriately calculated to maintain your desired risk
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Why Traders Lose in Buy and Short Trades: Reasons and Solutions
#BTC97KNewATH $BTC Trading in financial markets is challenging and often leads to losses for many traders. Understanding the reasons behind these losses and applying the right solutions can significantly improve profitability and consistency. This article explores the causes of losses in buy (long) and short trades, while also offering practical strategies to overcome these issues. --- Why Traders Lose in Buy and Short Trades 1. Poor Understanding of Market Trends Traders often fail to identify
Entry Point: Given that the price is oversold and showing a potential for reversal, you could enter around 64.05 - 64.00 (current price area), but ideally, wait for a confirmation of a small upward move or support level to ensure the trend reversal is more likely.
2. Stop Loss (SL)
SL: Set the stop loss just below the recent low at 62.50 to allow for market fluctuations but protect against a deeper downturn. This would represent a 2.5% risk from the entry price.
3. Take Profit (TP)
TP1: A reasonable first target could be near the previous resistance level around 65.50 - 66.00 (near the yellow EMA line), which would give a 2.5-3.5% profit from entry.
TP2: If the price continues upward, aim for 68.00 - 69.00 as the next resistance zone.
4. Hedge
Hedge Strategy: If the price continues to move downward, you can set up a hedge by entering a short position once the price reaches a key support or resistance break (e.g., if it falls below 62.50). This will allow you to mitigate risk if the market doesn't reverse as expected.
5. Dollar-Cost Averaging (DCA)
DCA Strategy: If the price starts to move against your position, you can implement DCA by adding more capital to the trade at a lower price. For example:
If the price falls to 63.50, you could add a smaller position to your trade, increasing your position size at a better average price.
Continue DCAing in 0.5%-1% increments until you reach a strong support level (e.g., 62.50).
Example Trade Plan:
Entry: 64.05 (current price)
SL: 62.50 (approx. 2.5% risk)
TP1: 65.50 (approx. 2.5% profit)
TP2: 68.00 (further 6% profit)
Hedge: Short entry if price goes below 62.50, hedging with a smaller position to lock profits or manage loss.
DCA: Add position at 63.50 if price moves down.
Risk Management
Risk per Trade: Limit each trade risk to 1-2% of your total portfolio value.
Position Sizing: Based on your risk tolerance, ensure the position size is appropriately calculated to maintain your desired risk
1. Entry Point: Buy at 92,826 (current price level) if the bullish momentum is confirmed.
2. Stop Loss (SL): Place a stop loss at 91,000 to limit potential losses.
3. Take Profit (TP): Set a take profit at 93,800 to capture gains.
4. Hedging: Not using a hedge; stay focused on the long position.
5. DCA Strategy: If the price drops but momentum remains bullish, add to the position at 91,800 to average down the entry price.
Summary: The plan is to buy long with a clear risk management approach using stop loss and take profit levels, and consider DCA if the conditions remain favorable.
1. Entry Point: Buy at 92,826 (current price level) if the bullish momentum is confirmed.
2. Stop Loss (SL): Place a stop loss at 91,000 to limit potential losses.
3. Take Profit (TP): Set a take profit at 93,800 to capture gains.
4. Hedging: Not using a hedge; stay focused on the long position.
5. DCA Strategy: If the price drops but momentum remains bullish, add to the position at 91,800 to average down the entry price.
Summary: The plan is to buy long with a clear risk management approach using stop loss and take profit levels, and consider DCA if the conditions remain favorable.
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Entry Price: Close to the current price shown, which is around 0.2211 USDT. You may choose to place your order slightly lower for potential price dips, around 0.2205 USDT.
2. Stop-Loss (SL)
Stop-Loss: Below the recent swing low at 0.2115 USDT. A good level for the stop-loss could be around 0.2095 USDT, giving some buffer space.
3. Take Profit (TP)
First Take Profit (TP1): Near the resistance level at 0.2300 USDT.
Second Take Profit (TP2): Closer to the 24h high, around 0.2490 USDT.
4. Hedging Strategy
If the price drops significantly and activates the stop-loss, consider a small hedge position to capitalize on the downside, possibly entering a short at 0.2090 USDT.
5. Dollar-Cost Averaging (DCA) Strategy
If the price dips below your entry but does not reach the stop-loss, consider placing DCA orders to buy at levels like: