$MMT

📌 Buy Entry: 180.50

➡️ SL: 179.80

If the price drops to 179.80 → the trade closes automatically, limiting your loss.

📊 3) Why Entry + SL Are Important

✅ Entry decides trade direction

✅ SL controls risk

➡️ Helps maintain discipline and avoids emotional decisions.

📐 Simple Rule (Easy & Useful)

Step

Purpose

1. Identify trend

Know the market direction

2. Decide entry

Set Buy or Sell level

3. Set SL

Control your risk

📌 Easy Formula

➡️ Risk per trade = (Entry – Stop‑Loss) × Lot size

SL far away → more risk

SL close → less risk

📍 Visual Example

Sell Example

SELL FLOW ↓

-----------------------------

Entry: 280.00

SL: 281.00

TP: 276.00

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Buy Example:

↑ BUY FLOW

-----------------------------

Entry: 180.50

SL: 179.80

TP: 183.00

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🧠 Pro Tip

Always place SL at a logical level, not just close by.

Look at market structure: support/resistance, trend, and volatility.

Tip: Follow the trend – if price breaks support, the bearish move can accelerate.#MMT #writetoearnings #binancesquare

MMT

0.1207

-3.51%