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A successful plan to gain 50 percent from trading SHIB currency

To prepare a successful trading plan to gain 50% from spot trading, here are some points to consider:

1. Determine entry point

Current price point: The current price of Shiba (SHIB) is 0.00001372 USDC, and it shows that it is currently in a positive position with an increase of 7.44%.

Entry strategy: The suitable entry point may be between 0.00001365 to 0.00001370 USDC, as there is a chance to profit if the price continues to rise. Make sure to follow the overall market trend (is it bullish or bearish?).

2. Determine exit point

Profit target: If you are targeting a profit of 50%, you should determine your exit price based on the expected market movement. If you bought 8176 SHIB 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 risk, place a stop-loss order near the level of 0.00001300 USDC to preserve capital. This will help you minimize losses if the market reverses direction.

3. Risk management

Trading volume: Do not put all your capital in one trade. Determine a certain percentage of your capital for trading (like 10-20% of total capital).

Ensure the 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

Market volatility should be monitored, especially during sharp price movements. If the upward trend continues, you can adjust your profit targets and stop-loss based on developments.

Use technical analysis tools like moving averages (MA) and the relative strength index (RSI) to help you determine the optimal timing for entry and exit.

5. Trade distribution

If you are not completely sure about the market movement, you can distribute your trades across several small buy orders. This will help you reduce the risk of getting into one large losing trade.

6. Market volatility

Follow important news that may affect Shiba (SHIB) like 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 spot trading using SHIB/USDC in the current market.

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