How to choose SL & TP
There are common methods to pick levels:
š¹ Percentage method
SL: X% below your entry price
TP: Y% above your entry price
Example: SL at 5% below, TP at 10% above. ļæ½
Fat Pig Signals
š¹ Risk-Reward ratio (e.g., 1:2)
If you risk 1% (SL), aim for 2% profit (TP). This helps improve profitability. ļæ½
Pintu
š¹ Support/Resistance levels
SL below a chart support
TP near a resistance zone identified by market history. ļæ½
CoinGecko
š Example for SOL/USDT
Assume entry price = 123 USDT:
šÆ Long (Buy) setup
Entry: 123 USDT
Stop Loss (SL): 117 USDT
ā Limits loss if price falls
Take Profit (TP): 135 USDT
ā Takes profit if price rises
This is just an example ā you can adjust based on your strategy and risk tolerance.
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