$SIGN Trade Plan Overview
Entry Zone:
Enter long positions between $0.08550 – $0.09250 for an optimal low-risk setup.
Stop Loss:
Place your stop loss at $0.08050 to manage and limit potential downside risk.
Profit Targets:
Target 1: $0.09900 – At this point, consider moving your stop loss to breakeven to protect capital.
Target 2: $0.10950 – Partial profit-taking is advised.
Target 3: $0.12000 – Final target for full exit or trailing stop strategy.
Risk/Reward Ratio:
Maintain a minimum 3:1 risk-to-reward ratio to ensure a favorable return profile.
Trade Management Strategy:
Once Target 1 is reached, adjust your stop-loss to breakeven. Monitor price action for momentum and adjust accordingly for Targets 2 and 3.