Stop Loss (SL) : 1.5%-2% below (Long) or above (Short) the entry price
Take Profit (TP) : 1:2 or 1:3 Risk-to-Reward ratio
Example : If you Take 2% risk, then set a profit target of 4%-6%.
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When trading on big news, keep your stop loss small or use low leverage.
Don't get greedy and increase your TP, stick to the fixed ratio
Use OCO order if you don't want to sit in front of the screen
Example Trade (Long)
Coin : BTC
Price : $30,000
EMA 20 > EMA 50 (Uptrend)
RSI = 45 (Neutral Zone)
Leverage : 3x
SL = $29,700 (-1%)
TP = $30,600 (+2%)
Risk-to-Reward = 1:2
