Market

EGLD possible small benefit of 2% – Cryptoz18 for BINANCE:EGLDUSDTPERP by Cryptoz18

█ Operation Information

EGLD has scaled its value quite well currently however I don’t think its uptrend will continue, I expect a small pullback on H1 and H4.

█ Operation data

• Entry price: 53.88

• StopLoss: 54.96 (Loss 2%)

• TakeProfit Minimum: 52.80 (Win 2%)

• Type of operation: Short

• Recommended margin: 5% of the Futures account

• Recommended leverage: 1x.

• Temporality: 15Min – 4H

✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit.

In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance.

Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes.

This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile.

█ Global data to take into account

Bitcoin is currently in an uptrend in 4H. However, a lot of bearish orders trying to keep it below the 20500 prices. The daily trend is in play, take your precautions.

█ Warning

✔️ Cryptocurrency operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trading ideas publicly for the viewer to do their own analysis and decide to enter based on their own decision-making. The viewer is recommended to have good risk management in their operations. For this, take into account fundamental data from the Volume of the asset, Marketcap, Supply, Percentage change price, Current Volatility , Perpetual Data and finally, proper Margin and Leverage management Be careful, you can lose all your money in the future if you have poor risk management. Nothing more to say thank you very much.

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button