ntry, Target, and Stop Loss Strategy:
Given the 15-minute timeframe and 20x leverage, here’s a suggested trading plan:
Entry Price:
Look for entry near the Fibonacci Pivot level of $0.6810 or the Fibonacci Support 1 level of $0.6290, depending on the price action and volatility.
Target Price:
Set your first target at the Fibonacci Resistance 1 level of $0.7330.If the price breaks above this level, consider extending your target to the Fibonacci Resistance 2 level of $0.7650.
Stop Loss:
Place your stop loss below the Fibonacci Support 2 level of $0.5970 or at a recent local low (e.g., $0.6845) to limit downside risk.
Risk Management:
With 20x leverage, even small price movements can result in significant gains or losses. Ensure you only risk a small portion of your capital (e.g., 2-5%) on this trade.Consider scaling out of the position as the price approaches your target levels to lock in profits.
