$ENS/USDT 2h (#BinanceFutures) Descending channel on resistance
Updated
Ethereum Name Service is retesting 100EMA and seems to be rejected on it, more retracement down seems likely.
Current Price= 11.126
Sell Entry= 11.129 - 11.521
Take Profit= 10.254 | 9.447 | 8.641
Stop Loss= 12.221
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +18.92% | +33.16% | +47.40%
Possible Loss= -15.82%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #ENS #ENSUSDT #DNS #Domain #Web3 #DAO #Governance #NFT #DeFi #Solana
Websites: ens.domains
Current Price= 11.126
Sell Entry= 11.129 - 11.521
Take Profit= 10.254 | 9.447 | 8.641
Stop Loss= 12.221
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +18.92% | +33.16% | +47.40%
Possible Loss= -15.82%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #ENS #ENSUSDT #DNS #Domain #Web3 #DAO #Governance #NFT #DeFi #Solana
Websites: ens.domains
Trade active
2/3 entries filledEthereumNameService got rejected on supply zone as planned and is now testing the triangle support.
Trade closed: stop reached
SL hit with -15.82% (2x) and -1REthereumNameService regained 100EMA support after all and went for upper-line of the triangle, stopping us out!
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