Technical analysis by fidubit about Symbol DCR: Buy recommendation (11/8/2023)

#Dcrusdt#Dcr#Longposition#Profit#Profitable#Btc#UsdtBased On Market Structure We Conduct A Long Position From This Liquidity LevelsEntry: 13.11 - 12.92Take Profit: 16.09Stop Loss: 12.67Advisor Legal: Recommend Capital Allocation:Open P&L: 1.39Risk/ Ratio: 6.48#Decred #DCR #DCRUSDT #cryptotrading #longpositionDecred (DCR) Technical Analysis - Long Position UpdateBased on the current market structure, I have decided to hold my existing long position on DCRUSDT. This trade was entered between $13.11 - $12.92 as described in my previous analyses.The trade now has an open profit/loss of 1.39% and a highly favorable risk/reward ratio of 6.48. This means the potential upside is over 6 times greater than the risk on the trade.My take profit target remains at $16.09, just below a key resistance level. I will look to book partial profits at $15.50 and trail the rest.The stop loss is still in place at $12.67 which allows room for normal price fluctuations while limiting downside risk.I will continue holding this low-risk, high-reward long position as long as the bullish structure remains intact. Signs of a trend reversal would be a break back below $13.As always, proper capital allocation is key. I have limited my position size to 5% of capital to align with my risk management strategy. Strict risk control is vital for long-term trading success and profitability.Overall, I remain bullish on DCRUSDT and expect further upside from this profitable long position. I will post updates as the trade progresses. Let's see how high Decred can run!