$GMT/USDT 2h (#BinanceFutures) Ascending channel on resistance
Updated
Green Metaverse Token (a.k.a STPEN) is up-trending strong but looks very overbought here and is likely to retrace down short-term.
Current Price= 2.27718
Sell Entry= 2.27415 - 2.48229
Take Profit= 1.95385 | 1.61648 | 1.35010
Stop Loss= 3.0982
Risk/Reward= 1:1.2 | 1:2.15 | 1:2.9
Expected Profit= +17.84% | +32.03% | +43.23%
Possible Loss= -14.93%
Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1-2 weeks
Tags: #GMT #GMTUSDT #Web3 #NFT #Metaverse #Social #Gaming #BinanceLaunchpad #BSC #SolEco
Website: stepn.com/
Current Price= 2.27718
Sell Entry= 2.27415 - 2.48229
Take Profit= 1.95385 | 1.61648 | 1.35010
Stop Loss= 3.0982
Risk/Reward= 1:1.2 | 1:2.15 | 1:2.9
Expected Profit= +17.84% | +32.03% | +43.23%
Possible Loss= -14.93%
Fib. Retracement= 0.236 | 0.441 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1-2 weeks
Tags: #GMT #GMTUSDT #Web3 #NFT #Metaverse #Social #Gaming #BinanceLaunchpad #BSC #SolEco
Website: stepn.com/
Note
Contracts:#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
Note
ERRATUM:Stop Loss= 2.73334 (like in the chart)
Trade closed: target reached
TP1 reached with +16.52% (1x) and +1.2R🎯GreenMetaverseToken is retracing as planned so far and bringing some nice profit!
Trade closed manually
Remaining position closed with -4.38% (1x) and -0.29RGreenMetaverseToken pushed higher and is retesting the upper-line of the channel, we've got kicked out.
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