$DOT Trade Details:
Entry Price: $9.10
Stop Loss: $9.064
Target Profit Level Idea (Hypothetical): Let’s aim for a reasonable profit of 1-3% based on typical market movements.
Potential Profit Calculation:
1% Profit Target:
Entry Price × (1 + 1%) = $9.10 × 1.01 = $9.191
2% Profit Target:
Entry Price × (1 + 2%) = $9.10 × 1.02 = $9.282
3% Profit Target:
Entry Price × (1 + 3%) = $9.10 × 1.03 = $9.373
Example Stop-Loss Risk:
Risk per Trade: Entry Price - Stop Loss
= $9.10 - $9.064 = $0.036
Example Reward-to-Risk Ratio (for 1% profit target):
Reward: $9.191 - $9.10 = $0.091
Risk: $0.036
Reward-to-Risk Ratio = 2.53:1$DOT