Open position price: $1,839 (short)


Stop loss price**: $1,870 (placed slightly above the previous high of $1,865)
Take profit price**: $1,750 (first support zone)
Profit and loss ratio calculation:

Stop loss distance = 1,870 - 1,839 = $31
Take profit distance = 1,839 - 1,750 = $89
Profit and loss ratio = 89 ÷ 31 ≈ 2.87 : 1
Conclusion: This trade's profit and loss ratio is close to 3:1, making it a very profitable trade. It means risking 1 dollar for a potential return of nearly 3 dollars. As long as your win rate exceeds 26%, you can make money in the long run.
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