💡BTCUSDT Second Chance: Profit=22% SL=7% Reward/Risk > 3.1:1

2020年10月10日

Second Chance Trade Setup summary:

Profit targets=22% = {TP3= 3% + TP4= 7% + TP5= 12%}
Stop Loss = 7%
Reward/Risk > 3.1 : 1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (11111) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP3= @ 11442
TP4= @ 11886
TP5= @ 12468

SL= Break below 10840

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Current Status of First Buy:

Total Profit: 39%
Closed trade(s): 21% Profit
Open trade(s): 18% Profit

Trade Setup:
We opened 5 BUY trade(s) @ 10371.00 based on 'previous Forecast' at 2020.10.02:

Closed Profit:
TP1 @ 10840 touched at 2020.10.08 with 4% Profit.
TP2 @ 11111 touched at 2020.10.09 with 7% Profit.
TP3 @ 11442 touched at 2020.10.09 with 10% Profit.
4% + 7% + 10% = 21%

Open Profit:
Open trade is 11333.00(current price) - 10371.00(open price) = 9%
2 trade(s) still open, therefore total profit for open trade(s) is 9% x 2 = 18%

Technical analysis:
. BTCUSDT is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.

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