#DayTradingStrategy
$BANANAS31 on the 1-minute timeframe, here's a suggestion for setting a Take Profit (TP) and Stop Loss (SL):
📊 Current Price: 0.007876 USDT
🔼 Recent High (Resistance): 0.007750
🔽 Recent Low (Support): 0.007750
✅ Take Profit (TP) Suggestion:
TP1 (Conservative): 0.008100 — Just above the recent high.
TP2 (Aggressive): 0.008500 — Psychological round number and potential breakout level.
❌ Stop Loss (SL) Suggestion:
SL1 (Tight): 0.007650 — Just below the 7-period MA (0.007668).
SL2 (Safe): 0.007740 — Below the recent swing low (0.007750).
📈 Risk-Reward Ratio:
If you enter at 0.007756:
TP1: Gain ≈ +0.30%
SL1: Risk ≈ -0.33%
TP2: Gain ≈ +1.57%
SL2: Risk ≈ -1.73%
Choose based on your trading style:
Scalper: TP1/SL1
Swing Trader: TP2/SL2