Currency: BNB/USDT
Type of Trading: Day Trading
Trading Strategy: Breakout with volume confirmation
Time Frame: 1 Hour
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Trade Details:
1. Entry Point:
A strong resistance area was identified at 600 USDT for BNB, after testing it several times without breaking through.
A clear breakout of the area was observed with a significant increase in trading volume (Volume spike), which is a good confirmation of the seriousness of the breakout.
2. Entry:
Entered at 605 USDT after the breakout and volume confirmation.
3. Stop Loss:
Set just below the breakout area, at 590 USDT.
4. Take Profit:
Based on the measurement of the previous volatility range, the first target was set at 630 USDT, and the second target at 650 USDT.
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Trade Result:
The first target was reached within 4 hours.
The stop loss was moved to the entry point after the first target to secure profits.
The second target was reached within 8 hours.
Profit Realized:
From 605 to 650 = +45 USDT per BNB unit,
With a profit percentage of about 7.4% in one day.
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Trade Analysis:
Factors that contributed to the success of the trade:
The breakout was clear and accompanied by high trading volume.
Adherence to a clear trading plan (Entry – Stop Loss – Targets).
Strict capital management was followed.
What can be improved later:
Entering slightly earlier may have reduced the risk-to-reward ratio.
Indicators like RSI or MACD can be added for more confirmation.