To calculate a potential profit target for your 1000SHIB trade:
- **Entry Price**: 0.02870
- **Stop Loss**: 0.028519
The difference between the entry price and stop-loss is **0.000181**. A common risk-to-reward ratio is 1:2 or 1:3. Using 1:3 as an example: Multiply the risk (0.000181) by 3 = **0.000543**.
2. Add this to the entry price (0.02870 + 0.000543) = **0.029243**.
Suggested Profit Target: **0.02924**
This approach balances risk and reward, giving you a strategic exit point while maximizing potential gains. Adjust based on market volatility and personal strategy.$1000shib