$BTC Trade Alert
TRADE TIMING OF NEW YORK: 01:25
ACTION: LONG
ENTRY PRICE: 91370
CURRENT PRICE (Binance Ref.): 91244.68
STOP LOSS (SL - 3%): 88528.90
Calculation for SL (3% below Entry Price): $91370 \times (1 - 0.03) = 88528.90$
Take Profit (TP - 10%): 92283.70
Calculation for TP (10% on $100 entry for 10x leverage): $91370 + \frac{(100 \times 10) \times 0.10}{100} = 91370 + 91.37 = 92283.7$ is incorrect for a direct 10% profit target on the entry price. The profit target should be a price where the trade yields 10% of the position size or 10% of the entry capital.
Using 10% profit on entry capital ($\text{\$100}$): $100 \times 0.10 = \$10$ profit.
To make a $10 profit with 10x leverage on a $100 capital (Position Size $\text{\$1000}$), you need a $\mathbf{1\%}$ price move in your favor on the position size.
Calculation for 1% Price Target (TP): $91370 \times (1 + 0.01) = 92283.70$
Leverage: 10x
Capital: $100
Position Size: $1000
Potential Profit (TP): 92283.70
Potential Loss (SL): $2841.10
Calculation for Difference between Entry and SL: $91370 - 88528.90 = 2841.10$
Take 10 percent profit on position size to exit trade $ETH
Adjust your Stop Loss to Breakeven to eliminate all risk Trade with caution NFA DYOR $BNB
#BTCLONG #Binance #LeverageTrading #BTC
