WHAT IS TAKE PROFIT AND HOW TO SET IT CORRECTLY?
Stop Loss protects your capital. Take Profit secures your gains.
What is it?
An automatic order that closes your trade when the price reaches the profit level you set.
Why use it?
Because the market doesn’t warn you when it’s about to reverse.
Many traders see their trade reach +20%, don’t take profits expecting more, and end up closing at breakeven or at a loss.
How do I set my TPs?
TP1 → a conservative target, the first nearby resistance/support levels. Close part of the position here.
TP2 → an intermediate target, technical zones of interest.
TP3 → an ambitious target, in case the move extends.
The key is to close partially at each TP.
That way you lock in real profits while letting part of the position run.
There is no perfect TP. There is the TP that lets you sleep well and keep trading tomorrow. $BTC $ETH $BNB
💎 Premium signals + analysis in the VIP Chat of my profile — 15 USDT/month.
Stop Loss protects your capital. Take Profit secures your gains.
What is it?
An automatic order that closes your trade when the price reaches the profit level you set.
Why use it?
Because the market doesn’t warn you when it’s about to reverse.
Many traders see their trade reach +20%, don’t take profits expecting more, and end up closing at breakeven or at a loss.
How do I set my TPs?
TP1 → a conservative target, the first nearby resistance/support levels. Close part of the position here.
TP2 → an intermediate target, technical zones of interest.
TP3 → an ambitious target, in case the move extends.
The key is to close partially at each TP.
That way you lock in real profits while letting part of the position run.
There is no perfect TP. There is the TP that lets you sleep well and keep trading tomorrow. $BTC $ETH $BNB
💎 Premium signals + analysis in the VIP Chat of my profile — 15 USDT/month.