No.
If we just go by the scenario you’ve laid out:
* Entry short: 0.11460
* Stop loss: 0.11804
* Risk: 0.00344 (~3.0%)
Targets:
Target Price Profit R:R
TP1 0.11116 0.00344 1:1
TP2 0.10956 0.00504 ~1.47:1
TP3 0.10565 0.00895 ~2.60:1
Comments:
1. TP1 is exactly equal to the SL, so its main role is to mitigate risk or move the stop to breakeven.
2. TP2 and TP3 are where the real profit of the plan comes from.
3. If this is indeed a technical retracement in a downtrend, the price failing to break above 0.11804 will be a key condition to maintain the short thesis.
4. Since you’ve already entered the trade, the most important thing right now isn’t to find more reasons to short but to stick to the stop-loss point if the market goes against you.
$ALGO
Regarding the phrase “large money is exiting
#SolanaFuturesOIDown30Percent #USIranStrikesSinkBitcoinBelow$73000
If we just go by the scenario you’ve laid out:
* Entry short: 0.11460
* Stop loss: 0.11804
* Risk: 0.00344 (~3.0%)
Targets:
Target Price Profit R:R
TP1 0.11116 0.00344 1:1
TP2 0.10956 0.00504 ~1.47:1
TP3 0.10565 0.00895 ~2.60:1
Comments:
1. TP1 is exactly equal to the SL, so its main role is to mitigate risk or move the stop to breakeven.
2. TP2 and TP3 are where the real profit of the plan comes from.
3. If this is indeed a technical retracement in a downtrend, the price failing to break above 0.11804 will be a key condition to maintain the short thesis.
4. Since you’ve already entered the trade, the most important thing right now isn’t to find more reasons to short but to stick to the stop-loss point if the market goes against you.
$ALGO
Regarding the phrase “large money is exiting
#SolanaFuturesOIDown30Percent #USIranStrikesSinkBitcoinBelow$73000