FRED CHARLES
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Bearish
$ENA SHORT LIQUIDATION TRIGGERED
A significant short liquidation just occurred for $ENA , totaling $20.044K at a price of $0.8074.
ENTRY POINT
The entry point for this trade was established at $0.8074, where market sentiment shifted noticeably.
TARGET
The target for this position is set at $0.7700, where previous support levels indicate a potential bounce back.
STOP LOSS
Proactively, the stop loss is positioned at $0.8200 to minimize potential losses while allowing for slight market fluctuations.
RISK/REWARD RATIO
Calculating the risk/reward ratio:
Risk per share = Stop Loss - Entry Point
= $0.8200 - $0.8074 = $0.0126
Reward per share = Entry Point - Target
= $0.8074 - $0.7700 = $0.0374
Risk/Reward Ratio = Reward per share / Risk per share
= $0.0374 / $0.0126 ≈ 2.97
This translates to a favorable risk/reward ratio of approximately 1:3, indicating a solid potential for profit compared to potential loss.
CONCLUSION
The current market dynamics point to a significant opportunity with $ENA . By capitalizing on short-term movements while maintaining a disciplined approach to risk management, traders can navigate this fluctuation strategically.
Stay vigilant and adjust positions as necessary!
#AnimecoinOnBinance
#BinanceAlphaAlert
#JoblessClaimsUp
#VeThorOnBinance
#TRUMPTokenWatch
A significant short liquidation just occurred for $ENA , totaling $20.044K at a price of $0.8074.
ENTRY POINT
The entry point for this trade was established at $0.8074, where market sentiment shifted noticeably.
TARGET
The target for this position is set at $0.7700, where previous support levels indicate a potential bounce back.
STOP LOSS
Proactively, the stop loss is positioned at $0.8200 to minimize potential losses while allowing for slight market fluctuations.
RISK/REWARD RATIO
Calculating the risk/reward ratio:
Risk per share = Stop Loss - Entry Point
= $0.8200 - $0.8074 = $0.0126
Reward per share = Entry Point - Target
= $0.8074 - $0.7700 = $0.0374
Risk/Reward Ratio = Reward per share / Risk per share
= $0.0374 / $0.0126 ≈ 2.97
This translates to a favorable risk/reward ratio of approximately 1:3, indicating a solid potential for profit compared to potential loss.
CONCLUSION
The current market dynamics point to a significant opportunity with $ENA . By capitalizing on short-term movements while maintaining a disciplined approach to risk management, traders can navigate this fluctuation strategically.
Stay vigilant and adjust positions as necessary!
#AnimecoinOnBinance
#BinanceAlphaAlert
#JoblessClaimsUp
#VeThorOnBinance
#TRUMPTokenWatch
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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