EOS: The Perfect Long Trade Should Be Like That!
Let's imagine that the price will bounce from 2.40$ support zone. If so, we will have a buying opportunity based on the price reversal signal from the bottom.
We have enough space for the upward movement and it allows us to get an amazing long trade with a risk-reward ratio of 1:5, it is awesome!
Will the market move like that? We don't know and nobody can say exactly how the market will move today, tomorrow, and further. We can build possible models of the market movements and use them for trading. It is a good idea to follow the market then try to predict the future.
So, if the price bounces from the support zone, we will be able to open long positions with stop orders below the support and the take profit at the resistance. If the price breaks the support, we will have new support zones and better entry points for new long positions, but it will be another story.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We have enough space for the upward movement and it allows us to get an amazing long trade with a risk-reward ratio of 1:5, it is awesome!
Will the market move like that? We don't know and nobody can say exactly how the market will move today, tomorrow, and further. We can build possible models of the market movements and use them for trading. It is a good idea to follow the market then try to predict the future.
So, if the price bounces from the support zone, we will be able to open long positions with stop orders below the support and the take profit at the resistance. If the price breaks the support, we will have new support zones and better entry points for new long positions, but it will be another story.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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