Setup for $BNB /USDT:
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*1. Coin Name*:
/USDT
*2. 24 Hours Change*:
*-0.99%*
*3. Targets*:
- *TP1*: 537.13 (24-hour low, support level)
- *TP2*:535.67 (next support level)
- *TP3*: 519.86 (previous significant low)
*4. Entry Time*:
- *Short Entry*: Enter when the price breaks below *556.64* (current price) or if thereโs a retest of *566.00* (24h high).
*5. Stop Loss*:
- *Stop Loss*: Set stop loss at *566.00* (24-hour high), as this is the recent resistance level where the price has failed to break above multiple times.
*6. Take Profit*:
- *Take Profit (TP1)*: 537.13
- *Take Profit (TP2)*:535.67
- *Take Profit (TP3)*: 519.86
*7. Maximum Profit*:
- *Maximum Profit*: If the price hits *519.86*, the maximum potential profit is around *6.6%* from the entry point of *556.64*.
*8. Maximum Loss*:
- *Maximum Loss*: With a stop loss at *566.00*, the maximum loss would be around *1.67%* from the entry point of *$556.64*.
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*Risk-Reward Ratio*:
- *Risk*: 1.67%
- *Reward*: 6.6% (TP3)
This setup offers a *Risk-Reward Ratio* of *1:4*, which is a strong risk-to-reward ratio for a short trade.
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If you need further clarification or adjustments, feel free to ask!#VIRTUALWhales