📊 Trade Setup
• Capital to Trade: $500
• Risk Tolerance: 5%
• Risk per Trade: $500 × 0.05 = $25
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📈 Technical Analysis
• Current Price: $94,955
• Immediate Support: $93,000
• Immediate Resistance: $95,000
• Key Support Level: $90,000
• Key Resistance Level: $100,000
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🔐 Risk Management
• Stop-Loss: Set at $93,000 (approximately 1.96% below the current price)
• Position Size: $25 ÷ ($94,955 - $93,000) ≈ 1.25 contracts (adjust based on your broker’s contract size)
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🎯 Profit Target
• Target Price: $100,000
• Potential Profit: ($100,000 - $94,955) × 1.25 contracts = $6,181.25
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⚠️ Important Considerations
• Market Volatility: Bitcoin is known for its price fluctuations; ensure you’re comfortable with potential volatility.
• Liquidity: Ensure sufficient market liquidity to enter and exit positions without significant slippage.
• Brokerage Fees: Account for any trading fees or spreads that may impact your net profit.$BTC