*Trade Plan: $T /USDT*
*Entry Zone:* 0.01673 - 0.01693
*Stop Loss (SL):* 0.01634
*Take Profit (TP):* 0.01858
*Rationale:*
- The current price is 0.01693, which is within the entry zone.
- The 24-hour high is 0.01858, and the 24-hour low is 0.01398, indicating a potential upward trend.
- The Relative Strength Index (RSI) is around 50, suggesting a neutral market sentiment.
- The Bollinger Bands are widening, indicating increased volatility.
*Trade Strategy:*
1. Enter a long position when the price reaches the entry zone (0.01673 - 0.01693).
2. Set a stop loss at 0.01634 to limit potential losses.
3. Set a take profit at 0.01858, which is the 24-hour high and a potential resistance level.
*Risk Management:*
- Position sizing: Allocate a suitable amount of capital to this trade, considering the overall portfolio risk.
- Risk-reward ratio: The potential reward is approximately 2.5 times the potential risk (0.01858 - 0.01693 = 0.00165; 0.01693 - 0.01634 = 0.00059).
Good Luck
