Long Liquidation on #GOAT : $2.5179K at $0.25257
Entry Point: $0.25257
Target: $0.30000
Stop Loss: $0.24000
Risk Management Strategy:
-Set risk limits at 2% of total capital.
-Diversification across multiple assets to mitigate exposure.
-Monitor market sentiment for shifts and adjustments in strategy.
Market Context:
Current market volatility creates a dynamic environment for trading #GOAT .
Be aware of broader crypto trends and potential external influences on prices.
Risk-Reward Ratio:
Target profit: $0.30000 - $0.25257 = $0.04743
Risk per trade: $0.25257 - $0.24000 = $0.01257
Risk-reward ratio: 0.04743 / 0.01257 ≈ 3.77
This means for every dollar risked, approximately $3.77 can be gained, presenting a favorable risk-reward profile for this position on #GOAT .
Disclaimer:
All investments involve risks, including the potential loss of principal. Past performance is not indicative of future results. Always do your own research, assess your risk tolerance, and consult a financial advisor before making any decisions. Trade responsibly.
