It looks like you're setting up a trade with Bitcoin (BTC) against USDT. Here's a breakdown of your trade setup:
Entry Point: 85,800
Stop Loss: 85,000
Target Price: 87,500
To clarify, you're looking to enter at 85,800 and want to set a stop loss just below that level at 85,000, while targeting a price of 87,500 for potential profits.
If you're managing risk effectively, the stop loss of 85,000 gives you a small buffer, with a risk of 800 USDT (from 85,800 to 85,000), and your target of 87,500 gives you a potential reward of 1,700 USDT (from 85,800 to 87,500). This creates a risk-to-reward ratio of approximately 1:2.125, which is generally considered a favorable setup.
Would you like further help refining your strategy or analyzing market trends for your trade?
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