๐ $C /USDT Trading Plan
๐ฅ Entry Range: $0.4300 โ $0.4450 โ Price has pulled back into this key support zone, creating a potential buying opportunity.
๐ Stop Loss: $0.4120 โ placed just below support to control downside risk.
๐ฏ First Target: $0.4800 โ sits just under recent resistance in the $0.47โ$0.48 area.
๐ Second Target: $0.5250 โ next likely resistance zone above.
๐ Final Target: $0.5800 โ near the previous highs around $0.55โ$0.60.
๐ก Risk Management:
Limit your risk to 1โ2% of your trading capital per trade ๐ฐ. Calculate your position size based on how far your entry is from the stop loss. Aiming to enter between $0.4300 and $0.4450 sets you up for a possible breakout while protecting your capital with a stop at $0.4120 ๐ก๏ธ.
Lock in profits gradually: take some off at $0.4800 ๐ฏ, shift your stop to breakeven ๐, and let the rest ride toward $0.5250 ๐ or even $0.5800 ๐.
Watch Bitcoin closely โ Chainbase (C) tends to follow the broader crypto market. With todayโs strong move (~42% gain), momentum is on the bulls' side, and a retest of $0.47โ$0.48 is likely.
Stay patient, follow your strategy, and avoid emotional decisions ๐โ .
Market Insight:
The Chainbase is currently hovering around $0.4467, showing strong upside momentum. Technicals suggest a favourable entry near current levels with potential for continuation.
Good luck, and trade smart! ๐
