$BTC Short Limit Hit right from the top wick and drop to earn 1R ๐๐
Atm, you can do any of the following options to manage this profitable position โคต๏ธ
1๏ธโฃ Close 50% and do not change SL
If you close 50 and leave the initial SL, this is the same to set BE.
The pros are:
- You feel like you get some actual profit
- You are now break-even if the initial SL is hit (Close 1R, Risk 1R)
The cons:
- If this position hits full TP, your profit will be fewer as you already closed at 1R positive
2๏ธโฃ Move SL to Entry (BE)
Pros:
- You can earn 100% profit if this position hits TP
- No matter what, if BE hits, you lose nothing
Cons
- Your position might be swept, then $BTC goes to full TP - You get nothing

