To set up a successful trading plan to gain 50% from immediate trading, here are some points to consider:
1. Determine the entry point
Current price point: The current price of Shiba Inu (SHIB) is 0.00001372 USDC, showing that it is currently in a positive position with a 7.44% increase.
Entry strategy: The appropriate entry point may be at a price of 0.00001365 to 0.00001370 USDC, as there is a chance to make a profit if the price continues to rise. Make sure to follow the overall market trend (is it bullish or bearish?).
2. Determine the exit point
Profit target: If you are targeting a profit of 50%, you should determine the exit price based on the expected market movement. If 8176 SHIB is purchased at a price of 0.00001372, your target could be in the price range of 0.00002000 to 0.00002100 to achieve a profit margin of up to 50%.
Stop loss: To reduce risks, place a stop loss order near the level of 0.00001300 USDC to protect your capital. This will help you minimize losses if the market reverses its direction.
3. Risk management
Trading volume: Do not put all your capital into a single trade. Determine a certain percentage of capital for trading (like 10-20% of total capital).
Ensure leverage ratio: If you are using leverage, make sure you know the potential risks if the market moves against you. Do not use high leverage if you are a beginner.
4. Continuous market monitoring
You should monitor market volatility, especially when there are sharp price movements. If the upward trend continues, you can adjust your profit targets and stop loss based on the latest developments.
Use technical analysis tools such as moving averages (MA) and the Relative Strength Index (RSI) to help you determine the optimal timing for entry and exit.
5. Distribution of trades
If you are not completely sure about the market movement, you can split your trade into several small buy orders. This will help you reduce the risk of falling into a single large losing trade.
6. Market volatility
Follow important news that may affect Shiba Inu (SHIB) such as economic data, statements from financial institutions, or even general trends in cryptocurrencies.
By following this plan and achieving a 50% profit success rate, you will have a good chance to benefit from immediate trading using SHIB/USDC in the current market.
