1. Entry Point:
The entry point refers to the price at which you would ideally buy the asset. For $GMT , it might be lower than $0.20063, considering this is a liquidation price.
2. Stop Loss:
The stop loss is the price at which you decide to exit a losing position to prevent further losses.
A good stop loss can be set based on a percentage below your entry point, considering the volatility of $GMT . For example, if you enter at $0.20063, a stop loss could be at $0.1900 or lower, depending on your risk tolerance.
3. Target:
The target is the price at which you plan to take profits. You could set a target above $0.20063, such as $0.250 or more, depending on your trading strategy.
4. Buy, Sell, or Hold:
Buy: If you're not yet in the trade, and you believe that $GMT will rise.
Sell: If you're in the trade and need to exit, either to take profit or cut losses.
Hold: If you believe GMT will increase in value and you want to wait for the price to reach your target.
Example Scenario:
Entry Point: $0.20063
Stop Loss: $0.1900 (if the price drops, exit to avoid further losses)
Target: $0.2500 (if the price rises to this level, exit to take profit)
Liquidation Consideration:
If the liquidation level is $7.1539K, you may be referring to a position size where the liquidation happens at a specific asset price. In this case, it's important to monitor price action to avoid hitting the liquidation point.
Make sure your strategy is based on your risk tolerance, market analysis, and goals.