DEFI/USDT 8h (Binance F.) Descending channel breakout & pullback
As I was saying the other day, #DeFi is preparing for a bull-run.
This could still be early so better use low leverage or even none!
Current Price= 507.0
Buy Entry= 504.0 - 474.0
Take Profit= 561.8 |669.9 | 759.3
Stop Loss= 416.2
Risk/Reward= 1:1 | 1:2.48 | 1:3.71
Expected Profit= +14.89% | +36.99% | +55.28%
Possible Loss= -14.89%
Fib. Retracement= 0.382| 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 600h
This was the original idea, I'm glad I waited for it:
This could still be early so better use low leverage or even none!
Current Price= 507.0
Buy Entry= 504.0 - 474.0
Take Profit= 561.8 |669.9 | 759.3
Stop Loss= 416.2
Risk/Reward= 1:1 | 1:2.48 | 1:3.71
Expected Profit= +14.89% | +36.99% | +55.28%
Possible Loss= -14.89%
Fib. Retracement= 0.382| 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 600h
This was the original idea, I'm glad I waited for it:
Trade active
Back to lowest entry for second time!#DeFi is still ranging so we'll need more patient for this trade to play out.
We could have taken +8.31% profit but I think targets are still reachable if crypto market consolidates!
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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.