$NMR
*Trade Details:*
- *Entry Zone:* 18.90 - 19.10 (buy $NMR when the price reaches this range)
- *Take Profit (TP) Targets:*
- *TP1:* 22.40 (first target, consider taking partial profits)
- *TP2:* 24.60 (second target, consider taking more profits)
- *TP3:* 27.80+ (third target, consider holding for maximum gains)
- *Stop Loss (SL):* 14.40 (set a stop loss to limit potential losses if the trade doesn't work out)
- *Leverage:* 50x (use leverage to amplify potential gains, but be aware of increased risk)
- *Margin:* 2% (allocate 2% of your account balance to this trade)
*Trade Strategy:*
The trade setup suggests that $NMR is expected to rise from the entry zone to the take profit targets. The stop loss is set to limit potential losses if the price moves against the trade.
*Risk Management:*
- Use stop-loss to limit potential losses
- Allocate a reasonable margin (2% in this case) to avoid over-leveraging
- Consider taking partial profits at each take profit target
*Disclaimer:*
- DYOR (Do Your Own Research) before making any trading decisions
- This trade setup is for informational purposes only and should not be considered as investment advice
By following this trade setup, you're looking to capitalize on the potential upside movement while managing your risk with a stop loss.
