Let's make trading a tool to achieve your financial goals with confidence and intelligence. Here’s a well-thought-out plan to turn currency movement into tangible profits — combining technical analysis, risk management, and entry and exit strategies:
📊 Phase One: Technical Overview
- ✅ General Trend: Short-term bullish after breaking through the resistance zone ($0.5180)
- ✅ Technical Indicators:
- EMA(7) above the current price → strong dynamic support
- RSI at moderate levels → Not overbought
- High trading volume → Confirmation of investor interest
🎯 Phase Two: Entry Plan
| Goal | Value
| Entry Point | Between $0.5180 – $0.5310
| Stop Loss | Below $0.4970 (To Protect Capital)
| First Target | $0.5650 (Quick Profits)
| Second Target | $0.5980 (Building Additional Profits)
📌 Trading Tip: Use a "Limit" order to enter, and "Stop-limit" for automatic exit at stop loss or target achievement.
🧠 Phase Three: Capital Management
- Do not risk more than 3% of your total portfolio on this trade.
- Divide your trade into two phases: initial entry 50%, then reinforce the position if the price successfully rebounds from support.
🔄 Phase Four: Monitoring and Interaction
- Follow price movement every 4 hours
- Monitor trading volume and the appearance of engulfing or reversal candles
- Gradually update the stop loss as the price rises to protect profits.
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