Plan your trade, and trade your plan.
✅ Entry Zone:
We're eyeing a strong buying opportunity between $0.1280 and $0.1400. This range offers a favorable entry point for a low-risk setup, allowing traders to position themselves early before potential bullish momentum kicks in. Make sure to enter gradually within this zone, using proper risk management.
⛔ Stop-Loss:
To protect your capital from unexpected downside moves, set your stop-loss at $0.1100. This level is strategically placed below key support, ensuring that your loss is limited if the market turns against the trade. Always prioritize capital preservation.
🎯 Profit Targets:
We’ve set three well-defined profit targets to scale out of the trade and lock in gains as the price moves in our favor:
Target 1: $0.1550 – Upon reaching this level, consider securing partial profits and moving your stop-loss to the entry level (breakeven) to eliminate downside risk. This ensures that you're playing with "house money" moving forward.
Target 2: $0.1700 – A continuation of bullish momentum could take us here. Booking more profits at this stage helps build confidence and secure gains while riding the trend.
Target 3: $0.2000 – This is our extended target for those aiming for maximum reward. If the uptrend remains strong, this level offers a solid exit point for a full round trip.
📊 Risk/Reward Ratio:
We’re aiming for a minimum risk/reward ratio of 3:1. That means for every $1 you risk, you’re aiming to make at least $3. This favorable ratio ensures that even if only a few trades work out, the profits can outweigh the losses.
🔄 Trade Management Strategy:
Once Target 1 is reached, it's crucial to adjust your stop-loss to breakeven. This strategy protects your gains and allows you to stay in the trade without emotional stress. Trail your stop-loss accordingly if price continues to climb toward higher targets.
Final Note:
Be disciplined. Stick to your trade plan and avoid emotional decisions. Patience and risk management are key to long-term success. This setup is designed to balance risk with strong upside potential.
Trade wisely, stay informed, and let your profits run!
#SHELL🚨 $SHELL