Question
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How to set the target profit according to the trend?
1 Answer
<p id="isPasted">To set a target profit based on market trends, first, identify the current trend (uptrend, downtrend, or sideways) using technical analysis tools like trendlines, moving averages, or chart patterns. Then, determine your risk tolerance and desired profit margin, and calculate potential price targets based on support and resistance levels, Fibonacci levels, or other technical indicators. Finally, use these calculated targets to set stop-loss and take-profit orders, adjusting them as the trend evolves. </p>
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