$DEFI/USDT 1h (Binance Futures)Falling broadening wedge breakout
Updated
DeFi Composite Index looks good for bullish continuation after regaining 50MA support.
More information about Decentralized Finance tokens on binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6
Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
More information about Decentralized Finance tokens on binance.com/en/futures/funding-history/3?contract=DEFIUSDT
Current Price= 2365.6
Buy Entry = 2369.3 - 2343.5
Take Profit= 2444.6 | 2518.6 | 2616.1
Stop Loss= 2282.6
Risk/Reward= 1:1.2 | 1:2.2| 1:3.52
Expected Profit= +22.44% | +41.28% | +66.12%
Possible Loss= -18.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 6x
Estimated Gain-time= 1 week
Trade active
Trade active, all entries filledDeFi perfectly dipped and bounced back so far, even more visible on that Time-Frame!
Trade closed: target reached
TP2 reached with +41.28% (6x) and +2.2RInsane accuracy on DeFi index which only printed bullish candles since filled 📈 SL edited to 1st entry (2369.3$)
Will probably keep going but RSI entered overbought territory so we may see a small retracement first.
Trade closed: target reached
TP3 reached with +66.12% (6x) and +3.52RDeFi index retraced right after last post then pumped back reaching final target, such a success!
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