$YFI Trade Plan
Entry Zone:
Buy Range: $5,750 – $6,050
Setup: Low-risk buying opportunity within this price range.
Stop Loss:
Placement: Set stop loss at $5,550 to manage and minimize potential losses.
Profit Targets:
Target 1: $6,250
Upon reaching this level, adjust stop-loss to breakeven to protect capital.
Target 2: $6,625
Target 3: $7,000
Risk/Reward Ratio:
Goal: Maintain a minimum Risk/Reward Ratio of 3:1 to ensure favorable trading conditions.
Trade Management Strategy:
Action: After achieving Target 1, move your stop-loss to your entry point to secure a risk-free trade.
