Trade of the Week – 27-10-2024 – BNBUSDTPERP

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/2024/11/03Nov2024Bnb.jpg

Date of issue – 27-10-2024

Pair – BNBUSDTPERP

Entry Price– 611.67

Stop Loss – 616.74

Take Profit 1 – 606.6 | Reward to Risk Ratio – 1:1

Take Profit 2 – 596.46 | 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

Cryptos were bullish in the early part of last week. However, we were expecting the resistance level of 611 to cause a reversal in price.

Summary and Learnings

Waiting patiently for execution after diligent analysis leads to desired outcomes.

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