This chart setup with leverage originally came to my attention around 15-April. Seeing the same market conditions now after some consolidation and a small higher low makes the setup stronger.
This is an easy one. I think it has a good chance of success and the timing is about right.
Just make sure your position is safe (low leverage) and you should do fine.
Full trade-numbers below:
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LONG TONUSDT
Leverage: 5X
Entry levels:
1) $3.10
2) $2.85
3) $2.65
Targets:
1) $3.23
2) $3.75
3) $4.28
4) $4.62
5) $5.32
6) $6.01
7) $7.01
8) $8.28
9) $9.68
10) $10.5
11) $11.9
Stop-loss:
Close weekly below $2.50
Potential profits: 1480%
Capital allocation: 4%
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Leveraged trading can be a lot about position managing and capital allocation, if you are going for those very small and short-term swings. If you are looking for long-term trade setups like I do, timing and entry prices are king. The top priority.
I think both are excellent here but you know anything goes. While I like a high accuracy/hit rate, the market is not without risk and anything can happen at any time. Not all trades are won but it can be good this time.
With the right capital allocation, mindset and planning, you can't go wrong.
As the market turns bullish, as soon as the up-move starts, you have secured an awesome position.
Thanks a lot for your continued support.
Namaste.
✅Buy and Trade here on $TON