A crypto whale known as “Set 10 Big Goals First” has outlined a new Bitcoin trading plan after being stopped out of a previous long. According to a July 25 post cited by BlockBeats, the trader said the last BTC long was opened near $64,980 and exited after a stop-loss was triggered in the $64,000 to $64,300 range. The stop was placed to guard against a break below $64,000 and a fast move toward $63,000.
The trader said the next step is to keep watching price action. If $64,000 is not effectively broken, the account plans to gradually rebuild long positions around that level on Monday and Tuesday next week. The new stop-loss range would be set between $63,500 and $63,000.
The post also referenced an earlier statement from July 21, when the same trader set a profit target of $300 million for the current round. In the prior round, the trader said 150 BTC had been used to build a position with a $150 million target. Unrealized profit once reached $120 million, but those gains were erased after a wrong directional call during a decline from $120,000, leaving only the principal preserved and a slight profit. For the current round, the trader said the position was built with 300 BTC and that $60 million in profit has already been realized.
BlockBeats reported on July 25 that a derivatives whale known as “Set 10 Big Goals First” has shared a fresh Bitcoin trading plan.
The trader said the previous BTC long was opened near $64,980 and later exited after a stop-loss was triggered when price fell into the $64,000-$64,300 range. The stated reason for the stop was to avoid a deeper slide toward $63,000 if the $64,000 level failed.
For the next move, the trader said the market will continue to be monitored. If $64,000 is not effectively broken, long positions will be added back gradually near $64,000 on Monday and Tuesday next week. A new stop-loss would be placed in the $63,500-$63,000 range.
Account earlier set a $300 million target for this round
On July 21, the same trader said the profit target for the current round was $300 million. In the previous round, the trader said 150 BTC had been used to build a position with a $150 million target. Profit at one point reached as high as $120 million, but the gains were wiped out after a wrong directional call during a decline from $120,000. The trader said the principal was preserved and only a small profit remained.
For the current round, the trader said the position was built with 300 BTC. Realized profit so far stands at $60 million, with a $300 million target still in place.
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