$CHR/USDT 4h (#BinanceFutures) Descending channel break & retest
Updated
Chromia regained both 50MA & 200MA and is just pulling back to them, prepare for a bounce!
chromia.com chromapolis.com
Current Price= 0.7013
Buy Entry= 0.7301 - 0.6947
Take Profit= 0.8195 | 0.9218 | 1.0954
Stop Loss= 0.6297
Risk/Reward= 1:1.3 | 1:2.53 | 1:4.41
Expected Profit= +30.06% | +58.78% | +107.52%
Possible Loss= -23.22%
Fib. Retracement= 0.618 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2
#BEP20 0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
chromia.com chromapolis.com
Current Price= 0.7013
Buy Entry= 0.7301 - 0.6947
Take Profit= 0.8195 | 0.9218 | 1.0954
Stop Loss= 0.6297
Risk/Reward= 1:1.3 | 1:2.53 | 1:4.41
Expected Profit= +30.06% | +58.78% | +107.52%
Possible Loss= -23.22%
Fib. Retracement= 0.618 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2
#BEP20 0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
Trade closed: target reached
TP2 reached with +58.78% (2x) and +2.53Chromia accurately bounced back on 200MA support and broke-out of the triangle.
Bullish continuation is in play, SL adjusted to highest entry anyway (0.7301$)
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