Trading Setup: Spot
Buy Signal
- *Entry Zone:* $6.00 - $6.55 (optimal low-risk entry)
- *Stop-Loss:* $5.75 (protect against unexpected downside)
Profit Targets
1. *Target 1:* $7.20 (move stop-loss to breakeven)
2. *Target 2:* $7.80
3. *Target 3:* $8.60
Risk Management
- *Risk/Reward Ratio:* 3:1 (high potential return vs. controlled risk)
Trading Strategy
- Once Target 1 is reached, adjust stop-loss to entry level and let profits ride.
- Lock in profits as momentum builds.
Important Notes
- *DYOR:* Do Your Own Research
- This is not financial advice.
- Trade responsibly, considering market volatility.