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- ๐ Gate.io #Launchpad# Initial Offering: #PFVS#
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#BTC Take Profit Stop Loss Strategy# The current (May 13, 2025, 08:40) Bitcoin price is approximately 102,527.80 USD.
Scenario : Buying with the Expectation of an Increase (In USD)
* Buy Price: Let's say you bought BTC at 102,527.80 USD.
* Determine the Take Profit Price: You believe the price will rise and want to take a profit at, for example, 105,500 USD. In this case, you set the take profit order to 105,500 USD. When the price reaches 105,500 USD, your exchange automatically executes the sell order and you realize your profit. (Profit: 2,972.20 USD)
* Determine the Stop Loss Price: You should set a stop loss level to protect yourself against a possible decline. You can place a stop order slightly below the buy price, for example at $101,000. If the price drops to $101,000, your exchange will automatically sell and you will limit your loss to $1,527.80.
Best regards.