Daily Trade Setup Example for BTCUSD.P OKX (March 21, 2025, 13:26): Based on Daily Analysis Technical Analysis:
Example 1: Trend Following (Short Trade)
Situation: BTCUSD.P price retraces and confirms a downtrend on the 15-minute timeframe.
Enter: 84,000
TP: 83,000
SL: 84,500
RRR: 2:1
Explanation: Entry is upon confirmation of the downtrend. Take profit is at the next support level, and the stop loss limits risk.
Notes:
* These setups are examples and may need adjustment based on real-time market conditions.
* RRR stands for Reward to Risk Ratio, reflecting the ratio of expected return to acceptable risk.
* Prioritize risk management and use appropriate lot sizes.
Disclaimer: Trading involves risk. Investors should conduct thorough research and exercise prudent judgment.