#PIPPIN LIQUIDATION ALERT
#PIPPIN is on the move. The latest liquidations show a significant amount of $2.0417K at an entry price of $0.12089.
ENTRY POINT
The entry point for PIPPIN is noted at $0.12089.
TARGET
Setting a target based on market analysis and conditions is crucial. For a conservative estimate, I propose targeting $0.14000. This provides a clear exit strategy while capitalizing on potential gains.
STOP LOSS
To manage risk effectively, we establish a stop loss at $0.11500, ensuring limited exposure to adverse market movements.
RISK REWARD RATIO
Calculating the risk-reward ratio:
Potential profit per unit:
$0.14000 (target) - $0.12089 (entry) = $0.01911
Potential loss per unit:
$0.12089 (entry) - $0.11500 (stop loss) = $0.00589
Risk to Reward Ratio:
$0.01911 / $0.00589 = 3.24
This presents a favorable risk-reward ratio of approximately 3.24, indicating that for every dollar risked, there is a potential for over three dollars in profit.
FINAL THOUGHTS
Traders should remain vigilant with
#PIPPIN , as market conditions can rapidly change. Staying informed and ready to act at critical points will be key to success.
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