$DEFI/USDT 3h (Binance Futures) Ascending triangle breakout
DeFi index is breaking bullish, good for the market, let's enter on a retest.
Current Price= 3069.7
Buy Entry = 3048.8 - 3002.8
Take Profit= 3188.3 | 10.8064 | 12.0778
Stop Loss= 2896.0
Risk/Reward= 1:1.4 | 1:2.62 | 1:4.89
Expected Profit= +21.44% | +45.32% | +73.28%
Possible Loss= -17.20%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 4x
Estimated Gain-time= 10 days
Current Price= 3069.7
Buy Entry = 3048.8 - 3002.8
Take Profit= 3188.3 | 10.8064 | 12.0778
Stop Loss= 2896.0
Risk/Reward= 1:1.4 | 1:2.62 | 1:4.89
Expected Profit= +21.44% | +45.32% | +73.28%
Possible Loss= -17.20%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 4x
Estimated Gain-time= 10 days
Trade active
Both entries filled DeFi almost hit first target then dipped down to 2nd entry.
Trade closed: target reached
TP1 reached with +21.44% (4x) and +1.4RDeFi perfectly bounced after that pull back, nice profit and probably more to come!
Trade closed: target reached
TP1 reached with +45.32% (4x) and +2.62RDeFi is surely hyped and pushed higher, last target is still in play!
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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.