It is always preferable not to wait to realize profits all at once, but to split them into two plans:
First Target ($0.0240 - $0.0245):
Goal: Take a partial profit (about 40% to 50% of the trade size).
Reason: This level is the first resistance; selling part of the quantity here ensures you lock in some of your profits and reduces risk.
Second Target ($0.0275 - $0.0280):
Goal: Take the remaining profit (the remaining 50%).
Reason: A previous peak area and a major resistance zone where sellers are expected to appear.
2. Stop Loss (SL) level
Recommended stop loss point ($0.0198):
Where to place the order: Just below the first support level ($0.0205) by a small margin to protect you from tail candles (fakeouts).
Reason: If this level breaks with a daily candle, it means the trend turns negative and there is a chance of a drop toward the next support point ($0.0175).
$TUT
#BinanceWillListHyperliquid(HYPE)
First Target ($0.0240 - $0.0245):
Goal: Take a partial profit (about 40% to 50% of the trade size).
Reason: This level is the first resistance; selling part of the quantity here ensures you lock in some of your profits and reduces risk.
Second Target ($0.0275 - $0.0280):
Goal: Take the remaining profit (the remaining 50%).
Reason: A previous peak area and a major resistance zone where sellers are expected to appear.
2. Stop Loss (SL) level
Recommended stop loss point ($0.0198):
Where to place the order: Just below the first support level ($0.0205) by a small margin to protect you from tail candles (fakeouts).
Reason: If this level breaks with a daily candle, it means the trend turns negative and there is a chance of a drop toward the next support point ($0.0175).
$TUT
#BinanceWillListHyperliquid(HYPE)