ETC/USDT 4h (Binance Fut) Descending channel break-out
TA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest.
I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
Trade closed: target reached
TP1 reached with that +3.57% move up (21.42% profit using 6x) That was a perfect pull-back and retest pattern!
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Related publications
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.