How to read our signals
In this article, we will provide a breakdown of the key information you can find in our trading signals. Trading signals are essential tools used by traders and investors to make informed decisions about buying or selling assets in the financial markets. Understanding these signals is crucial for success in trading.
Now, let's dive into a typical trading signal template to understand what each element represents:
Example of a Trading Signal on VIP channel :
- Trading Pair: This signal is specific to the BTC/USDT trading pair, which means it's a signal for trading Bitcoin (BTC) against the US Dollar Tether (USDT). In other words, it suggests buying or going long on Bitcoin with USDT as the base currency.
- Signal Type: The signal type is "Long." This means that the signal is suggesting to enter a position that bets on the price of Bitcoin increasing. Going long means you expect the price of Bitcoin to rise.
- Entry Range: The entry range indicates the price level at which you should consider entering the trade. In this case, it suggests entering the trade when the price of Bitcoin is between $34,489 and $34,489. It's important to note that the specified entry price is a single price point, which may need to be clarified, as typically entry ranges include a price range (e.g., $34,489 - $34,500). You have to check the reaction of the market to enter. Wait for confirmation. Do not rush.
- Stop Loss: The stop-loss is a crucial risk management component of the signal. It specifies the price level at which you should consider exiting the trade to limit potential losses. In this signal, the stop-loss is set at $33,800, which represents a 2% decrease from the lower end of the entry range.
- Goal or Target Price: The goal or target price represents the price level that the coin may reach according to our analysis. It is an estimation. In our example, the target price range is between $35,500 and $36,500. It may arrive there soon or maybe will take time to do so. Just stick to your strategy and enter with those the numbers in case of a sudden candle like it's common with the volatility of cryptos. But always follow your strategy about take profits and exit.
Please note that trading signals provide guidance, but there are no guarantees in trading, and all investments carry some level of risk. It's essential to conduct your research, use proper risk management techniques, and consider your risk tolerance before acting on any trading signal. Additionally, ensure that you understand the terminology and details of any trading signal you follow, as sometimes signal providers may use unique conventions or strategies.
The information on this resource is addressed to an unlimited circle of persons, and is not an individual recommendation; It is exclusively informational and analytical in nature for our team own use, and should not be considered as a proposal or recommendation for the investment, purchase, sale of any asset, trading operations on financial instruments. It's your own responsibility what usage you will make about it. The views expressed reflect only the author’s exclusively personal view.
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