Trade of the Week – 13-10-2024 – BTCUSDTPERP
Weekly Highlights and Performance Overview
Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.
Featured Trade Signal
https://signalsoracle.com/wp-content/uploads/2024/10/BTC20Oct2024.jpg
Date of issue – 13-10-2024
Pair – BTCUSDTPERP
Entry Price– 65,990
Stop Loss – 68,370
Take Profit 1 – 65,510 | Reward to Risk Ratio – 1:1
Take Profit 2 – 64,550 | Reward to Risk Ratio – 3:1
Result at a Glance
Outcome – Hit Stop
Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.
Strategic Insights
- Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.
- Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.
Market Conditions and Analysis
It was a case of a near miss. Price hit the stop loss and moved towards target. Could have easily achieved target 1, but would've missed target 2 anyway.
Summary and Learnings
We maintain our strategy because near misses are part of the business. These near misses on the positive side will also be even out with other trades where we miss the stop loss or hit targets by a thin margin.
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