Strategic Short on FLR/USDT with Multiple Profit Targets at 20x Leverage

I am considering a short position on #FLR/USDT with a leverage of 20x, aiming to capitalize on a potential price decline. The entry point is set at 0.02435 USDT. The take-profit targets are strategically staggered to maximize gains: the first at 0.02386 USDT, capturing 40% of the expected profit; the second at 0.02362 USDT for 60%; the third at 0.02338 USDT for 80%; and the final at 0.02313 USDT, where I plan to secure 100% of the profit. This trading plan indicates a bearish outlook on FLR/USDT, suggesting a belief that the price will decline from the current entry. The different take-profit levels allow for partial closure to lock in profits along the way, which is a prudent risk management strategy when trading with high leverage. It’s essential, however, to be aware of the inherent risks with leveraged trading, including potential liquidation if the market moves against the position. Overall, the plan reflects a technical analysis-based short-term trading strategy, emphasizing profit-taking at multiple levels to adapt to market volatility. Proper stop-loss orders should be in place to mitigate downside risk, especially given the high leverage involved.