$BTC $ETH $XRP #RiskRewardRetio #RiskRewardRatio ๐ What is the Risk/Reward Ratio?
๐งฎ How to Calculate the Risk/Reward Ratio
Risk/Reward Ratio = (Entry Price - Stop Loss) / (Take Profit - Entry Price)
Example:
Entry Price:
Stop Loss:
Take Profit:
Calculation:
Risk:
Reward:
RRR:
โ What is an Ideal Risk/Reward Ratio?
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๐ง Applying Risk/Reward Ratio on Binance
Set Entry, Stop Loss, and Take Profit Levels:
Calculate the RRR:
Execute the Trade:
๐ Note for Binance Trading
If you need further assistance or examples, feel free to ask!