BabyCripto

help me guys.. hold or close 🙏🥺

How I Locked in Profits with Minimal Risk – Here’s the Secret!

Anyone who’s been in crypto long enough knows the feeling of watching a trade go against you after you’ve already committed. It’s stressful, right? That’s why I started using a strategy that guarantees zero risk once I’ve moved my stop loss to break even.

Here’s how I structured this trade:
• Entry: I entered at the current market price (CMP) based on solid divergence signals on the 1H chart, which showed potential for a relief bounce.
• DCA (Dollar-Cost Averaging): My first DCA was set at $14.558. DCA is a strategy where you set buy orders at lower levels to average down your entry price if the market moves against you. In this case, I’ve set 1 DCA maximum, so if the price drops to these levels, I can add to my position at a better average cost.
• Stop Loss (SL): My stop loss was placed just under $13.66. I always give my stop loss enough buffer to avoid getting hit by random market swings. Once the price starts moving in my favor, I move the stop loss to break even (BE) to ensure I no longer have any risk.

Take Profits (TPs):
• First TP: At $16.044, I sold 50% of my position. This is where I lock in some gains but still leave room for more upside. Once this TP hit, I moved my stop loss to BE and deleted my DCA limit orders.
• Second TP: At $18.253, I sell another 50% of the position. Taking profits early is crucial in crypto. Markets can be volatile, and you don’t want to wait too long. I don’t leave it all to chance.
• Third TP: The final TP is at $21.671, where I sell the remaining 100% of my position. By now, my profits are locked, and the risk is gone. No more worrying about the market reversing.

The same structure applies with 2 DCA levels. Each time a TP is hit, I adjust my strategy, taking profits early, and minimizing risk.

This approach works because it allows me to capture profits while avoiding the emotional stress of watching trades move against me. By taking profits at multiple levels, I ensure I’m always in control.
#success

i have 67$. Tell me which coin is best for long term in spot trading because i want to make 200$

if we talk about USUAL: It is possible that the price will rise once released, especially if there is strong demand and the project continues to grow. However, as is the case with many new cryptocurrencies, there is also the risk that the price will drop due to the selling of initial investors or a lack of adoption. Which I don't think will happen because everyone bought at most 0.40 with a maximum amount of 40k, it doesn't make sense to sell once released as they would lose their investment... so it is possible that the price will rise, after that it is another story. $USUAL what do you think?