$DEFI/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
Updated
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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