Trading Plan for $BLUR 📈
Analysis: Based on the current setup, a low-risk buying opportunity is identified in the range between $0.1050 and $0.1150. This area is considered attractive to initiate a long position, seeking potential upward movement.
✅ Entry Zone: Execute buy orders within the price range of $0.1050 - $0.1150. It is recommended to consider executing limit orders within this zone to optimize the entry price.
⛔ Stop Loss: For prudent risk management, a firm Stop Loss is set at $0.0980. The activation of this level would indicate a invalidation of the bullish setup and limit potential losses of the trade.
🎯 Profit Targets: Three key price targets have been defined to capitalize on the expected upward movement:
* Target 1: $0.1220 📍 Upon reaching this level, it is recommended to adjust the Stop Loss to the breakeven point (entry price). This action protects the initial capital and turns the trade into a potential risk-free profit.
* Target 2: $0.1350 🎯 This is the second profit target, where partial profits can be considered or the position can be held with the Stop Loss adjusted to aim for the next target.
* Target 3: $0.1500 🚀 This represents the final profit target, where a significant price expansion is expected.
📊 Risk/Reward Ratio: This trading plan aims for a Risk/Reward ratio of 1:3 or higher ⚖️. This means that the expected potential profit is at least three times greater than the assumed risk, which is essential for a profitable long-term trading strategy.
🔄 Management Strategy:
* Entry: Execute the buy within the designated zone ($0.1050 - $0.1150).
