AGLD/USDT, Ascending Channel with 2:6 Risk-Reward Setup
This chart displays an Ascending Channel Pattern where the price is trending upward within parallel support and resistance lines. The long position designed here follows a 2:6 risk-reward ratio, indicating a calculated trade setup with a potential 50% profit at the target price of $3.717 and a controlled 18% loss at the stop-loss of $2.016.
The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
註釋
Booked Partial Profits when it achieved 10% profits and 20% profits and moved SL to Entry for a Safe Ride 😉. 23% on your hands 🙌. Follow for more exciting trades like this 交易結束：目標達成
Booked Profits Partially and then hit SL on BE and closed trade in profit as usual 
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