OUR SHORT BTC/USDT
In previous posts, we have shared information about our investment strategies in the BTC/USDT pair, which have resulted in a positive return of nearly 5% of our total capital. In order to provide transparency and credibility to our operations, we have included screenshots of our closed trades.
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Furthermore, we present our latest open trade, which we offer to those interested in taking advantage of our analysis and investment strategies. It is important to remember that anyone who decides to copy our trades assumes the risk on their own. We do not provide financial advice and investing in cryptocurrencies always involves a high level of risk.
In this case, we have opened a short position in the BTC/USDT pair, using 50% of our total capital. We entered the market at a price of 21,574 USDT, with an active DCA of 100% of the initial capital at 0.5%, which allows us to weigh the entry price at 21,624.06 USDT with a leverage of X1.
We have a second DCA at the price of 22,101 USDT (2.5% from the entry price) with 100% of the previous balance, which would result in a leverage of X2 if that price is reached. We have also set a total stop loss of 22,327 USDT (3.5% from the initial entry price).
Take profit points are activated with 50% of the total position at -1.5%, and a subsequent activation of the trailing stop from -3.5%, with a stop at +1%. For those who are not familiar with the trading tool "trailing stop", this consists of setting a profit stop from a price point, which allows you to maximize a potential upward movement and close the position only if the price moves unfavorably.
In conclusion, we expect an increase in the price of BTC/USDT in the coming days, but we believe that the lower zone where there is still a lot of liquidity will first be cleared. As always, we recommend our followers to follow us on our communication channels and social networks to stay updated on our operations and analysis. We wish everyone an excellent week.
Link our portfolio/provider CRYPTOPUNK FUTURES BTC/USDT
https://app.zignaly.com/profit-sharing/63ee94788aedc640cc35b4dc
ABOUT TRAILING STOP
The "trailing stop" is a risk management tool used by traders to secure profits in a trade. Basically, it is a type of stop loss that automatically adjusts as the price of the asset rises or falls.
Here's how it works: when a trailing stop is set, a specific percentage or amount of profits that a trader wants to secure is determined. Once the asset price reaches that percentage or amount, the trailing stop is triggered and automatically set at a certain number of pips or points below the current price.
From that point on, the trailing stop automatically adjusts every time the price moves in favor of the trader. If the price goes up, the trailing stop also goes up, ensuring that the trader gets a profit if the price reverses and falls. If the price goes down, the trailing stop stays in place, allowing the trader to get a profit if the price recovers and goes up.
In summary, the "trailing stop" is a risk management tool that allows traders to protect their profits while maximizing their gains from bullish market trends. It is a very useful strategy for those who want to maximize their profits while minimizing their potential losses.
CRYPTOPUNK
Diego Fons CEO & Trader
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