One of the most engaging features on our social media platforms, especially on Telegram, is our trading signals series. Here, we provide insights on both margin and spot trades that we personally engage in, then monitor the outcomes in real time.
This brief guide will help our followers to maximize the value of this content.
You’ll find even more learning materials on the GN Crypto official website.
Each GN Crypto trading signal is set up as follows:
- Specific crypto and its ticker (the symbol you’ll find in the trading view).
- Reasoning behind the trade (no guessing involved — it’s our analytical prowess at work);
- Entry point (the price level to start the trade, which isn’t always the market price and can sometimes be a deferred entry);
- Position type (either a short or long position. If you’re new to “shorting crypto,” read our article for a quick rundown);
- Risk-Reward Ratio (this compares the potential profit to potential loss on a trade. You don’t need to win every time — just keep a favorable R/R in view);
- Stop-loss (the price point where we advise you to limit losses in case the market shifts unfavorably. Make sure the loss on any trade doesn’t go beyond your set parameters);
- Take-profit (a target price for locking in profits. When the account’s in the green, don’t let greed take over; apply the same discipline to gains as you do to losses).
Positions can be set in both directions (up or down), which is especially applicable in margin and futures trading.
This is easily done on the cryptocurrency exchange WhiteBIT.
Now, let’s check out an example trading signal:
A long BTC position we shared in our social media on October 30.
Trade Characteristics:
- Crypto: BTC. This is a long trade, suitable for spot, margin, or futures trading on the platform;
- Rationale: The position anticipates an upward trend continuation with a bounce from the nearby support level;
- Entry Level: $70,681;
- Position Type: Long;
- Risk-Reward Ratio: 3.0. This setup means risking $10 (if stop-loss is triggered) for a potential $30 gain (if take-profit is met);
- Stop-Loss Level: $69,773;
- Take-Profit Level: $74,188.
These metrics provide a solid basis for direct trade execution or can act as additional signals within a trader’s own system.
Assessing Risk Per Trade
Risk tolerance is a personal choice for each trader. In our GN Crypto trading signals, we leave risk undefined (in both dollar terms and as a percentage).
It’s essential to assess each scenario on its own merits, weighing its risk and relevance at that moment in time.
Looking for More on Futures and Trading?
GN Crypto has plenty of useful articles to help you master the trading industry:
- Crypto futures. How does it work?
- TOP 5 Useful Chart Analysis Tools on TradingView
- What is cryptocurrency leverage?
- How are trading volumes useful in cryptocurrency analysis?
Disclaimer
GN Crypto’s trading signals and recommendations come from a highly skilled team of crypto traders. However, it’s essential to recognize the risks involved and understand that responsibility lies with each individual trader. Our signals aim to be logical and well-reasoned; however, GN Crypto holds no liability for any trades executed by users, whether based on our guidance or otherwise.
Exercise caution and manage your risks appropriately.
