$ENS/USDT 1D (#Bybit) Symmetrical triangle breakout
Updated
Ethereum Name Service seems to be ready to go back up after regaining the descending Trend-Line.
ens.domains ens.mirror.xyz
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +27.84% | +48.78% | +69.74%
Possible Loss= -23.27%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2-3 months
ens.domains ens.mirror.xyz
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +27.84% | +48.78% | +69.74%
Possible Loss= -23.27%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2-3 months
Note
⚡️⚡️ #ENS/USDT ⚡️⚡️Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 8.6%
Current Price:
15.44
Entry Zone:
15.18 - 13.70
Take-Profit Targets:
1) 18.46
2) 21.48
3) 24.51
Stop Targets:
1) 11.08
Trade active
2/3 entries filledEthereum Name Service pulled-back to 100EMA support and bounced back as expected so far.
Breakout seems confirmed now, let's patiently wait for targets now!
Trade closed: target reached
TP1 reached with +27.84% (1x) and +1.2REthereum Name Service is stronger than ever and pushed higher as forecast.
Don't forget to take profit and move SL below entry (13.69) to protect the trade!
Trade closed: stop reached
Remaining position was closed with -5.19% (1x) and -0.22REthereum Name Service bounced back on first 100EMA retest, but then lost it leading to a sell-off.
Good thing we adjusted Stop on time to reduce partial loss, time to wait patiently for new patterns!
#ENS #ENSUSDT #DNS #Domain #Web3
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