Based on the data you provided for VETUSDT Perp, here’s a basic outline for setting entry, target, and stop-loss levels:
1. Entry Level:
You would typically look for an entry point based on a technical analysis setup (e.g., a breakout, support level bounce, or moving average cross).
Last Price: 0.029251
Mark Price: 0.029219
The last price and mark price are close, so your entry might be around 0.02925, especially if you are entering on a break above or below a particular price point.
2. Target Level:
The 24h High is 0.033160, which could serve as an initial target if you're aiming for a swing trade or if the price breaks higher.
For a more conservative target, you could aim for a 50% retracement of the 24h range, which would be around 0.03110 (halfway between the low of 0.028056 and the high of 0.033160).
Another target could be a resistance level formed by the Moving Averages (MA), for instance, the MA(5) value at 0.030748.
3. Stop-Loss Level:
A good stop-loss level could be placed just below a recent low or support level. Since the 24h Low is 0.028056, placing a stop just below this (around 0.02780 to 0.02750) would protect you from larger losses in case the market reverses.
You could also consider placing the stop-loss below the MA(10) at 0.028903 for an additional layer of protection.
Example Trade Setup:
Entry: 0.02925 (or on confirmation of an upward movement)
Target: 0.03110 (or 0.03316 if aiming for the full 24h high)
Stop-Loss: 0.02780 (just below 24h Low or MA(10))
This is a basic approach based on the data, but your trading strategy (e.g., risk tolerance, timeframe) will also influence these levels. $ZIL
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