Market Trade: BTC/ETH on Binance
Trade Type: Buy ETH with BTC at market price
Trading Pair: BTC/ETH
Entry: 0.02501 BTC for 1 ETH
Volume: 1 ETH
Stop-Loss: 0.0245 BTC
Take-Profit: 0.0265 BTC
Reason for Entry:
Technical Analysis: ETH/USDT price broke the resistance level at $2,700, confirming a bullish trend.
Indicators: RSI on the 4-hour chart is in the neutral zone, indicating potential for further growth.
Trading Volume: Increased volume confirms buyer interest.
Trade Progress:
Bought 1 ETH for 0.02501 BTC.
Set stop-loss at 0.0245 BTC to limit potential losses.
Set take-profit at 0.0265 BTC, expecting the upward trend to continue.
After a few hours, the price reached 0.0263 BTC, I moved the stop-loss to breakeven at 0.02501 BTC.
The price reached the take-profit of 0.0265 BTC — the trade closed with a profit.
Result:
Risk on trade: 0.00051 BTC
Profit: 0.00049 BTC
Risk/Reward Ratio: 1:0.96 — good trade.
