Hello Trader's here is my longterm trade for Next leg this is how i made 5000$ hope it ill help for you
1. First Entry:
- Buy BTCUSDT between $64,000 and $60,500. 💰💸💲
- Allocate a portion of your funds for this entry.
2. Second Entry:
- Buy more BTCUSDT between $60,500 and $58,400. 💰💸💲
- Allocate a similar or slightly larger portion of your funds for this entry.
3. Third Entry:
- Buy additional BTCUSDT between $58,400 and $56,900. 💰💸💲
- Allocate the remaining portion of your funds for this entry.
4. Dollar Cost Averaging (DCA):
- Ensure that you distribute your funds evenly across the three entry points to achieve the best average price. 📊💹
- By using DCA, you mitigate the risk of making large investments at unfavorable prices.
5. Risk Management:
- Use appropriate position sizes for each entry to ensure that liquidation is far away. 🛡️📉
- Calculate your liquidation price carefully and ensure it is well below the expected support levels.
6. Exit Strategy:
- Please specify your desired exit points or targets, and I'll incorporate them into the plan accordingly. 🎯🚪
By following this plan, you can build a long-term position in BTCUSDT while managing risk through DCA and strategic entry points. Once you provide your exit targets, we can refine the plan further.