How to Convert $40 into $70 with $VANA /USDT
Bearish Trading Strategy
1. Current Price: $18.16 (-3.46%)
2. Entry Point:
Wait for a rebound to $18.50. If resistance holds, consider shorting.
3. Target:
Short-Term Target: $17.50
Mid-Term Target: $16.80
4. Stop-Loss:
Set a stop loss above $19.00 to limit risk.
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Shorting Strategy (For Futures Trading)
1. Leverage:
Utilize 4x leverage for amplified returns on the bearish move.
2. Entry Point:
Enter a short position near $18.50 if resistance holds.
3. Targets:
Short-Term Target: $17.50
Mid-Term Target: $16.80
4. Stop-Loss:
Place your stop loss at $19.20 to safeguard your position.
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Risk Management
Allocate $25 for spot trading and $15 for futures.
Adjust stop-loss levels to minimize losses based on market conditions.
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Disclaimer:
Trading involves risks. Conduct your research and practice strict risk management strategies.
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Turn $40 into $70 with this bearish trading strategy for VANA/USDT!