Basic Attention Token ($BAT) Analysis and set up.
The overall idea of this setup is fairly simple, I will take the trade if it fulfills at least one of my criteria, A) The price has a 4H close above the $.6525 mark or B) The price drops down to the $.585 level.
The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.
Set up A)
Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36
Target 2: $.88518 Risk/Reward ratio: 4.56
Target 3: $1.04 Risk/Reward ratio: 7.87
Stoploss: $.6040
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Setup B)
Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74
Target 2: $.88518 Risk/Reward ratio: 10.35
Target 3: $1.04 Risk/Reward ratio:15.74
Stoploss: $.5512
The target prices are the same for both of these setups, the only thing that changes are the stop loss levels and the Risk/Reward ratios.
Set up A)
Position type: LONG
Open Price: $.6525
Target 1: $.7220 Risk/Reward ratio: 1.36
Target 2: $.88518 Risk/Reward ratio: 4.56
Target 3: $1.04 Risk/Reward ratio: 7.87
Stoploss: $.6040
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Setup B)
Position type: LONG
Open Price: $.5850
Target 1: $.7220 Risk/Reward ratio: 4.74
Target 2: $.88518 Risk/Reward ratio: 10.35
Target 3: $1.04 Risk/Reward ratio:15.74
Stoploss: $.5512