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DEFI / TetherUS PERPETUAL CONTRACT
Long
Updated

$DEFI/USDT 8h (Binance Futures) Ascending channel on support

26
DeFi is up-trending and looking for continuation after that triangle break-out and retest.

Current Price= 2123.7
Buy Entry= 2112.5 - 2026.5
Take Profit= 2399.7 | 2691.6 | 3377.1
Stop Loss= 1849.2

Risk/Reward= 1:1.5 | 1:2.82 | 1:5.94
Expected Profit= +31.92% | +60.12% | +126.36%
Possible Loss= -21.30%

Fib. Retracement= 0.786 | 1 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

Trade active
All entries filled

DeFi dipped as planned then pumped, it may pull-back a last time but targets are looking quite reachable!

snapshot
Trade closed: target reached
TP1 reached with +31.92% (2x) and +1.5R

DeFi kept growing as expected, quite decent profit so far, SL at 2nd entry.
Decentralized Finance tokens are hyped again and we are not missing out! 😜

snapshot
Trade closed: target reached
🎯DDEFI/USDT 8h: TP2 reached with +60.12% (2x) and +2.82R

#DeFi went for second target and brought nice gain, then broke-down the ascending channel.
It still have many supports including 100EMA so I would not be too worried and wait for last target patiently!

snapshot
Trade closed: target reached
TP3 reached with +126.36% (2x) and +5.94R

After breaking down 100EMA buy zone was hit again, then DeFi regained it and went up for last target!

snapshot
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decentralizedfinanceDEFIdefiusdtindexTrend Analysis
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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.