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Current price (USD 3107)
📋 Reference plan: Buy the dip in the 3080-3100 range (long position)
1. First order: Light position near the current price (about 3107)
- Action: Limit buy / Market buy
- Quantity: 3% of the position (worth 300 USDT)
- Stop-loss setting: Set 3060 as the stop-loss price (exit unconditionally if it breaks below strong support at 3080)
- Purpose: Prevent missing out on a rebound due to a sudden price increase.
2. Second order: Replenish at key support level (3090-3100)
- Action: Set limit buy order
- Price: 3095
- Quantity: 4% of the position (worth 400 USDT)
- Purpose: Average down, reduce risk.
3. Third order: Extreme defensive position (3080-3085)
- Action: Set limit buy order
- Price: 3082
- Quantity: 3% of the position (worth 300 USDT)
- Purpose: Final line of defense for a rebound.
🎯 Take profit and stop-loss settings (very important)
1. Stop Loss:
- Set a unified stop-loss at 3060.
- Logic: 3080 is a strong support; if it breaks, it indicates strong bearish momentum, and you must exit to avoid losses.
2. Take Profit:
- TP1 (Partial profit): Set at 3150.
- Action: When it reaches 3150, sell 50% of the position to recover principal and some profits, leaving the rest to seek higher gains.
- TP2 (Full exit): Set at 3180.
- Action: When it reaches 3180, sell all and exit the market.
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