$DEFI/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
DeFi index is retesting 50MA support, a bounce from here is likely, then road to new highs.
Current Price= 2614.5
Buy Entry = 2619.9 - 2556.3
Take Profit= 2807.0 | 2995.1 | 3181.9
Stop Loss= 2412.3
Risk/Reward= 1:1.25 | 1:2.32 | 1:3.38
Expected Profit= +16.92% | +15.73% | +45.88%
Possible Loss= -13.58%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 2614.5
Buy Entry = 2619.9 - 2556.3
Take Profit= 2807.0 | 2995.1 | 3181.9
Stop Loss= 2412.3
Risk/Reward= 1:1.25 | 1:2.32 | 1:3.38
Expected Profit= +16.92% | +15.73% | +45.88%
Possible Loss= -13.58%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
Both entries filledDeFi index dipped and bounced back as planned so far, nice start!
Trade closed: stop reached
SL hit with -13.58% (2x) and -1RDeFi tried to keep up but lost local support after all, trade was closed on Stop.
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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.