bullish
pls leave comment and boost if u like
and main subject is
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Analysis of the Ascending Channel:
Ascending Channel: The price is moving within a defined range, with a lower trendline (support) and an upper trendline (resistance).
Support Zone: You’ve marked a clear support area where the price has previously reacted. This makes it an ideal entry zone for a long position.
Target Price (TP): The target level of 2653 aligns with the channel’s upper boundary or a key resistance level, making it a realistic take-profit point.
Risk Management:
Stop Loss (SL):
Place your stop loss below the main support level, ensuring you limit your losses if the market moves against you.
For this setup, an SL around 2634 looks appropriate, just below the marked support area.
Risk-to-Reward Ratio (R/R):
A minimum R/R ratio of 1:2 is ideal. In this case:
If your risk (SL) is $15, and your target profit is $20, your R/R is favorable.
Position Sizing:
The size of your position should be proportional to your account size. Avoid risking more than 1-2% of your total account balance per trade.
For example, if your account is $10,000, your risk should not exceed $100-$200.
Key Tips:
Reacting to Minor Resistance:
On the way to 2653, the price might face minor resistance levels (e.g., at 2645). If the market shows weakness, consider taking partial profits to lock in gains.
Trailing Stop:
Use a trailing stop to secure profits as the price moves in your favor. For instance, once the price reaches 2645, move your stop loss closer to the entry price.
Avoid Over-Leveraging:
Keep your margin usage conservative to prevent excessive drawdowns in case of unexpected moves.
and main subject is
----------------------------------
Analysis of the Ascending Channel:
Ascending Channel: The price is moving within a defined range, with a lower trendline (support) and an upper trendline (resistance).
Support Zone: You’ve marked a clear support area where the price has previously reacted. This makes it an ideal entry zone for a long position.
Target Price (TP): The target level of 2653 aligns with the channel’s upper boundary or a key resistance level, making it a realistic take-profit point.
Risk Management:
Stop Loss (SL):
Place your stop loss below the main support level, ensuring you limit your losses if the market moves against you.
For this setup, an SL around 2634 looks appropriate, just below the marked support area.
Risk-to-Reward Ratio (R/R):
A minimum R/R ratio of 1:2 is ideal. In this case:
If your risk (SL) is $15, and your target profit is $20, your R/R is favorable.
Position Sizing:
The size of your position should be proportional to your account size. Avoid risking more than 1-2% of your total account balance per trade.
For example, if your account is $10,000, your risk should not exceed $100-$200.
Key Tips:
Reacting to Minor Resistance:
On the way to 2653, the price might face minor resistance levels (e.g., at 2645). If the market shows weakness, consider taking partial profits to lock in gains.
Trailing Stop:
Use a trailing stop to secure profits as the price moves in your favor. For instance, once the price reaches 2645, move your stop loss closer to the entry price.
Avoid Over-Leveraging:
Keep your margin usage conservative to prevent excessive drawdowns in case of unexpected moves.
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