$ME
**Step 1: Calculate the Loss per Unit**
Loss per unit if the price hits the stop loss:
\[
\text{Loss per unit} = \text{Entry Price} - \text{Stop Loss} = 5.10 - 5.070 = 0.03
\]
**Step 2: Calculate Total Loss for 60 Units**
Total loss = Loss per unit × Number of units:
\[
\text{Total Loss} = 0.03 \times 60 = 1.80
\]
**Step 3: Calculate Potential Profit (for a Target)**
If you have a target price in mind (e.g., 5.20):
\[
\text{Profit per unit} = \text{Target Price} - \text{Entry Price} = 5.20 - 5.10 = 0.10
\]
\[
\text{Total Profit} = 0.10 \times 60 = 6.00
\]
