TP (Take Profit) 📉📉

It is a price level where trader is planning to fix profit. Actually it's sell-order, created in advance. There are several ways to set TP.

Generally traders prefer calculate SL (Stop loss) to TP as 1:3 and higher. In other word - if SL is set 10 points lower then buying price, TP will be set 30 points higher. TP can be also set near important levels.

The most popular ways for calculating and creating TP.

#1. TP at the nearest resistance level.✅

#2. TP in flat. not reaching the higher point.✅

#3. TP at fibo levels✅

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Experienced trader use a special method to optimize profits: they buy a coin with several orders, and for each of them set different SL and TP. This way allows to minimize losses and maximize profit.

Don't forget to use trading options
Wish you a Successful Trade!