Daytrader247
Long

Bitcoin Long 2:1 risk reward

BINANCE:BTCUSDT   Bitcoin / Tether
140 3 1
In my opinion i would personally risk "$500" to make "$1000" here on this breakout
2x??? How?
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Daytrader247 MarqWrestle
@MarqWrestle, I don't understand your question
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Daytrader247 MarqWrestle
@MarqWrestle, if my entry is at 16880 and my stop is below 16310 then my risk is defined at "$570". luckily i can buy partial coins and not have to buy a whole coin at a time. But still the ratio is there, if i'm risking at hypothetical "$570" then i want to shoot to make at least a hypothetical "$1140" or 2:1 and maybe scale out on the way up and set my stop at break even after my 1st profit target is hit.
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