$MBOX Trade Plan ๐
Based on the current 15-minute chart, MBOX has seen a significant upward move. We'll adjust the entry to reflect this recent price action.
โ Potential Entry Zone: Consider a potential entry on a pullback or consolidation within the range of $0.0615 - $0.0625, looking for confirmation of support. This is higher than the previous ANKR plan to account for the current price level.
โ Stop Loss: Set a stop loss below a recent swing low to limit downside risk, perhaps at $0.0600.
๐ฏ Profit Targets: Based on potential resistance levels after this recent pump:
Target 1: $0.0640 ๐ (Consider moving stop to breakeven after reaching this)
Target 2: $0.0665 ๐ฏ
Target 3: $0.0690 ๐
๐ Risk/Reward Ratio: This will depend on your exact entry, but aim for a ratio of at least 2:1 or higher.
๐ Strategy: If Target 1 is hit, consider moving your stop-loss to your entry price (breakeven) to protect your initial capital. Trail your stop-loss as price moves in your favor to lock in profits.
