$CHR/USDT 4h (#BinanceFutures) Descending channel break & retest
Chromia regained both 50MA & 200MA and is just pulling back to them, prepare for a bounce!
chromia.com chromapolis.com
Current Price= 0.7013
Buy Entry= 0.7301 - 0.6947
Take Profit= 0.8195 | 0.9218 | 1.0954
Stop Loss= 0.6297
Risk/Reward= 1:1.3 | 1:2.53 | 1:4.41
Expected Profit= +30.06% | +58.78% | +107.52%
Possible Loss= -23.22%
Fib. Retracement= 0.618 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2
#BEP20 0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
chromia.com chromapolis.com
Current Price= 0.7013
Buy Entry= 0.7301 - 0.6947
Take Profit= 0.8195 | 0.9218 | 1.0954
Stop Loss= 0.6297
Risk/Reward= 1:1.3 | 1:2.53 | 1:4.41
Expected Profit= +30.06% | +58.78% | +107.52%
Possible Loss= -23.22%
Fib. Retracement= 0.618 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Contracts:
#ERC20 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2
#BEP20 0xf9CeC8d50f6c8ad3Fb6dcCEC577e05aA32B224FE
Trade closed: target reached
TP2 reached with +58.78% (2x) and +2.53Chromia accurately bounced back on 200MA support and broke-out of the triangle.
Bullish continuation is in play, SL adjusted to highest entry anyway (0.7301$)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.