Trade of the Week – 01-09-2024 – LTCUSDTPERP

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

Date of issue – 01-09-2024

Pair – LTCUSDTPERP

Entry Price– 67.79

Stop Loss – 68.9

Take Profit 1 – 66.68 | Reward to Risk Ratio – 1:1

Take Profit 2 – 64.46 | Reward to Risk Ratio – 3:1

Result at a Glance

Outcome – Hit Both Targets

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

Institutions had set up a Bull Trap. As price was breaking out to a new high for the past few weeks, lot of retail (untrained) traders would have joined the breakout trade, only to find themselves trapped against the dominant direction of price for the week.

Summary and Learnings

We (SignalsOracle) on the other hand had anticipated this move and was well positioned to capitalize on the opportunity.

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